Fernandina Beach, FL || Mobile Home || 3/2 – 1180sqft

Description

Hot Fix & Flip Mobile Home Opportunity in Fernandina Beach, FL!

Address: Duck Lake Dr, Fernandina Beach, FL 32034

Investment Highlights:

Price: $119,990
After Repair Value (ARV): $225K
Configuration: 3 Beds | 2 Baths | Detached Garage
Living Area: 1,180 sq ft
Lot Size: Spacious 1.01 Acres
Year Built: 1987, Mobile Home
Roof: Only 7 years old
Flood Zone: AE
Close of Escrow (COE): 04/22
Earnest Money Deposit (EMD): $3K
Title Company: Albatross
Comparable Sales:

85708 Lonnie Crews Rd: Sold for $291K – 3 beds/2 baths, 1,296 sq ft on 1 acre
85232 Burmeister Rd: Sold for $275K – 3 beds/2 baths, 1,620 sq ft on 1.75 acres
Opportunity Overview:

Dive into the lucrative Fernandina Beach market with this ideally priced mobile home. With an enticing ARV of $225K against a purchase price under $120K, the profit potential is substantial. This property offers a comfortable living space of 1,180 sq ft on a generous lot of over an acre, complemented by a detached garage. The roof, only seven years old, adds value and reduces immediate repair needs. Located in flood zone AE, with comparable sales demonstrating the high demand and profitability of the area.