Pensacola, FL 💥 Big Spread Fix n Flip or BRRRR in Prime Location

Description

💥 New Property for Assignment in Pensacola, FL 💥

Big Spread Fix n Flip or BRRRR in Prime Location

🏡 Quick Property Overview:

Size: 1888 sqft

Lot Size: .91 acres

Year Built: 1960

Layout: 3 Bedrooms / 1 Bathroom (Potential for 3/2 Conversion)

Status: Vacant, access by appointment

Roof: Metal, 8 years old

HVAC: Replaced in 2014

Hot Water Heater: Replaced in 2014

💸 Financial Highlights:

Asking Price: 150k plus closing costs

Rehab Estimate: 75k – 90k

ARV (After Repair Value): 370k

Rental Rates: 1400 – 1750/month (as a 3/1), 1900 – 2200/month (as a 3/2)

EMD: 5k

Closing Date: On or before March 12th, 2024

🌴 Location Highlights:

Pensacola International Airport: 15 mins away

West Florida Hospital: 5 mins

Downtown Pensacola: 20 mins

🚀 Investor’s Edge:

Prime Location: Near key amenities and downtown Pensacola

High Potential: Big spread for significant ROI on fix n flip or BRRRR strategy

Versatile Opportunity: Convert to 3/2 for higher rental income