Additional Details

• Important Details: --> 30-day post-closing occupancy with $10k holdback --> 1 mile from the beach!
• Features: Rare deal in Atlantic Beach! This 3 bed, 1 bathroom CBS home features 975 sqft with an attached carport and screened back porch. Roof, plumbing, and HVAC have all been recently updated! Conveniently located near A1A and next to the area's many public parks and only 1.1 miles from the Atlantic Ocean, less than a 5-minute drive to the nearest public beach access!
• Estimated Rehab: $40,000 - $60,000
• Rehab Description: For a flip or Airbnb, this will need interior cosmetic updates to the kitchen, flooring, and some trim/fixtures. Replace interior wood paneling with new drywall. Deep clean and apply fresh interior paint throughout. Bathroom was renovated in 2017 but may be updated to taste. Roof and deck replaced in 2020, Central HVAC replaced and PVC plumbing updated in 2018. Some windows and exterior trim may need attention. Pressure wash and paint the exterior and do some landscaping to boost curb appeal. Optionally, finish the utility/storage room and back porch and/or add a 2nd bathroom to maximize value. Repair or trash out the utility shed.
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $500,000 - $525,000
• Comparable Rent: $2,400
• Construction: CBS
• Comp 1: 113 SEMINOLE RD, ATLANTIC BEACH, FL 32233 (3/1, 1240 sqft) PENDING $635k (1925 build, updated, 27 days on market)
• Comp 2: 342 SKATE RD, ATLANTIC BEACH, FL 32233 (3/2, 1100 sqft) SOLD $582k in MARCH (1976 build, updated, 1-car garage, 0.17 acres)
• Comp 3: 775 AMBERJACK LN, ATLANTIC BEACH, FL 32233 (3/2, 1100 sqft) SOLD $512k in FEB (1961 build, updated, carport, 0.2 acres)
• Comp 4: 831 BONITA RD, ATLANTIC BEACH, FL 32233 (3/1, 975 sqft) SOLD $365k investor sale (1960 build, dated investor sale, carport 0.17 acres)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab