Block Gainesville Flip on Large Corner Lot – Price Reduction

Description

Located in Gainesville on an oversized corner lot, is this 4 bedroom, 2 bathroom, 2054-square-foot, single-family block home. The home also has a 4th room that can be used as an office just off of the kitchen — with its own entrance through the carport. The roof was replaced in June 2012, and is still in good shape with no leaks. We suggest opening up the wall between the kitchen and living room, giving this home an open floor plan. We also suggest finishing the flooring, updating both bathrooms, along with changing out the AC system and painting the house, both inside and outside.

With updated homes in the area selling quickly, we have put a conservative ARV of $325,000 — only $158 per square foot. One could also hold this as a long-term rental, with an expected monthly rental amount of $2000 per month. This would ensure a monthly cash flow while continuing with a long-term appreciation.