Overview
- 3 Bedrooms
- 2 Bathrooms
- 1,216 ft
- Year Built: 1996
Description
🚨💫 KILLER 50k+ Profit Flip or 17% Cap Rental in Freeport, FL | ACT FAST! 💫🚨
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Located on 1.25 acres, this gem of a property is waiting for your value add & vision depending on your savvy exit strategy. Just north of Destin & Panama City Beach, this property is tucked away on a beautifully spacious lot fully capable to house additional units for way higher rental income monthly. With just $20k – $30k rehab put into the existing unit, there is potential to reach north of $60k in net profit on a fix & flip.
Its hard to mess this one up! Act now cause this won’t last! You heard it here first!
🔥 Unbeatable Investment Opportunity! 🔥
🏡 Comparables in the Neighborhood: $200k – $300k 🏡
💥 Room for a Net Profit of $50k $60k after an EASY flip! 💥
🚀 Starting Price: $110k 🚀
🚀 Buy It Now Price: $125k 🚀
🌟 Amazing Rental Opportunity with Unheard-Of High Rate of Return! 🌟
📈 17% Cap Rate! 📈
💸 Market Rent: $1600+ Per Unit 💸
🏠 Property Details:
Mobile Home
3 Bed / 2 Bath
1216 Sq. Ft.
1.25 Acres of Land
Plenty of Room to Add Another Mobile Home on the Lot
Shed in the Back
Vacant At Closing
Access: By Appointment
📍Comps:
59 Hummingbird Ln – Sold 3/29/24 – $300k Flipped [3/2, 1891 Sq Ft, Only .94 Acre Lot]
2764 Western St – Sold 2/07/24 – $250k [3/2, 1980 Sq Ft, Only .5 Acre Lot]
77 Easy St – Sold 3/14/24 – $200k As-Is [3/2, 1188 Sq Ft, Only .38 Acre Lot]
56 Canary Dr – Active – $285k [3/2, 1344 Sq Ft, Only .5 Acre Lot]