Overview
- 4 Bedrooms
- 1 Bathrooms
- 1,499 ft
- Year Built: 1930
Description
The property at 507 NW 2nd St offers an exceptional opportunity for a fix and flip project in the heart of Gainesville, FL. This home has great potential for significant value appreciation through a comprehensive renovation. With its prime location and the right updates, this property can be transformed into a desirable and profitable investment.
Exterior Renovations:
Facade Enhancement: Refresh the exterior with new paint, updated siding, and restored architectural details to enhance curb appeal and maintain the neighborhood’s charm. ποΈπ¨
Roof Replacement: Address any roofing issues to ensure long-term durability and protection. π π§
Energy-Efficient Windows: Install new, energy-efficient windows to improve insulation and reduce utility costs. πͺπ‘
Landscaping: Professional landscaping to create inviting outdoor spaces, including new sod, plants, and hardscaping elements. π³π·
Front Porch Update: Restore or update the front porch to enhance the welcoming appearance of the home. πΏπͺ
Interior Renovations:
Open Floor Plan: Reconfigure the interior layout to create an open floor plan, improving space and flow between the living room, dining area, and kitchen. πποΈ
Modern Kitchen: Fully renovate the kitchen with new cabinetry, quartz countertops, stainless steel appliances, and a stylish backsplash for a modern, functional space. π³β¨
Bathroom Upgrades: Update all bathrooms with new fixtures, vanities, tile work, and lighting to provide a contemporary, spa-like experience. πΏπ
Flooring Replacement: Install new hardwood floors throughout the main living areas and high-quality carpeting in the bedrooms for a fresh, cohesive look. πͺ΅ποΈ
Interior Painting: Fresh, neutral paint throughout the interior to create a clean, modern aesthetic. π¨ποΈ
Mechanical and Structural Upgrades:
Electrical System Update: Upgrade the electrical system, including new wiring, outlets, and a modern breaker panel to ensure safety and reliability. β‘π
Plumbing Overhaul: Replace old plumbing with new pipes and fixtures to ensure dependable water flow and temperature control. π°π₯
HVAC System Installation: Install a new, energy-efficient HVAC system for optimal climate control and reduced energy costs. π¬οΈβοΈ
Foundation and Structural Repairs: Inspect and repair the foundation and structural elements to ensure stability and longevity. ποΈπ οΈ
Market Analysis:
Comparable Properties: Research recent sales of similar renovated homes in the area to set a competitive after repair value (ARV). ποΈπ
Neighborhood Appeal: Highlight the property’s location near local amenities, schools, parks, and public transportation, making it attractive to potential buyers. ποΈπ
Conclusion: 507 NW 2nd St, Gainesville, FL 32601, presents a prime opportunity for a fix and flip project with significant profit potential. With strategic renovations and updates, this property can be transformed into a modern, attractive home, ready to meet the demands of today’s buyers and yield a substantial return on investment. π‘π°