Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $240,000-$260,000
• Estimated Rehab: $40,000-$55,000
• Comparable Rent: $1,500
• Construction: Frame
• Occupancy: VACANT!
• Comp 1: 418 N C St 2/2 with 1,032 sqft SOLD $259K 8/8/22 1923 build (Updated)
• Comp 2: 2016 W Gregory St 2/1 with 972 sqft SOLD $248K 9/19/22 1930 build (dated but clean condition)
• Comp 3: 304 N E St 3/1 w/ 943 sqft SOLD $240K 8/31/22 1994 build (Updated)
• Comp 4: 308 N E St 924sqft SOLD $130K 8/31/22 1918 build (DISTRESSED)
• Comp 5: 622 N G St 3/1 with 984 sqft SOLD $116K 10/6/22 2000 build (DISTRESSED and boarded up, home had a fire)
• Comp 6: 608 N A St 1/1 with 670 sqft PENDING $109K 1926 build (DISTRESSED shotgun style home on 0.05 sqft lot)
• Rehab Description: For a Flip this home will need a new roof, the kitchen updated, new flooring throughout, bathroom updated, fresh interior and exterior paint applied, new appliances, updated fixtures, and consider minor landscaping for curb appeal. For a Rental this home needs a new roof, the kitchen and flooring selectively updated, basic appliances added, and fresh paint applied to the interior and exterior.
• Features: Located in the heart of downtown Pensacola, this home is offered Vacant and ready for rehab! Featuring 2 bedrooms, 1 bathroom, and CENTRAL AIR. A true dual threat opportunity to fix and flip or buy and hold as a rental.
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab