Additional Details

• Important Details: --> 4/2 in Ocala! --> Vacant at closing!
• Features: This 4 bedroom, 2 bathroom home features 1,522 sqft of living area. Property sits on a 0.24-acre lot walking distance from Banyan Road Trailhead and nearby Rolling Greens Community Center and Golf Course and Rotary Sportsplex. Just minutes from downtown Ocala. Property is being offered vacant at close. Get this great deal while you can
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $215,000 - $230,000
• Rehab Description: For a flip or rental, start with a trash out and deep clean. Update the kitchen, bathrooms, and flooring and apply fresh interior paint throughout. Repair/replace drywall in some areas and update trim/fixtures. Roof and Central HVAC need to be replaced. Electrical may need attention. Plumbing/septic appear to be in good condition. Finish the renovation by pressure washing and painting the exterior siding and doing some landscaping to boost curb appeal. Optionally, remove shed from the backyard and trim/cut down the oak tree in the front yard.
• Estimated Rehab: $50,000 - $60,000
• Comparable Rent: $1,600
• Construction: Frame
• Comp 1: 5741 SE 22nd St, Ocala, FL 34472 (3/2, 1392 sqft) SOLD for $240k in FEBRUARY (1978 build, updated w/ basic finishes, 1-car garage, 0.23 acres)
• Comp 2: 34 Banyan Pass Loop, Ocala, FL 34472 (3/2, 1821 sqft) SOLD for $260k in MARCH (1988 build, partially updated, 2-car garage, 0.23 acres)
• Comp 3: 1 Almond Trail Pl, Ocala, FL 34472 (3/2, 1248 sqft) SOLD for $250k in FEBRUARY (1995 build, dated, 2-car garage, 0.29 acres)
• Comp 4: 5 Cherry Drive Ln, Ocala, FL 34472 (3/2, 1308 sqft) SOLD for $218k in OCTOBER (1987 build, extremely dated, 1-car garage, 0.23 acres)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab