Off Market Light Rehab Flip or High Income BRRRR in Panama City Beach🏖️

Description

Photos:
https://drive.google.com/drive/folders/1HOdmpNSt0_rmsQS8vPCCxHjsFm8FrCRG?usp=sharing
💥 New Off-Market Property For Assignment 5 Mins From The Beach💥

Light Rehab Fix n Flip or High-Income BRRRR in Panama City Beach!🏖️

📍 Quick Property Overview:

Size: 1218 sqft living space

Year Built: 1955, Renovated in 1995

Layout: 3 Bedrooms / 1 Bathroom (additional bathroom and laundry room possible, electrical & plumbing hookups already in place)

Roof: Metal, Replaced in 2016

HVAC: Replaced in 2017

Hot Water Heater: Replaced in 2017

Status: Owner Occupied, Vacant at Close

🌇 Location Highlights:

Pier Park Shopping Center: Just 5 minutes away

Beach Access: A short 5-minute drive to the world’s most beautiful beaches

Schools & Popular Destinations: Close to many great schools and vacation spots

💰 Financial Highlights:

Asking Price: 265K plus closing cost

Rehab Estimate: 10 – 20k

After Repair Value (ARV): 375K – 395K

Rental Rates: 2.4K – 2.8K/mo

HOA: None (PCB Zoning Restricts STR)

EMD: 5K

Closing Date: On or before March 15th, 2024

🚀 Investor’s Edge:

Potential for Growth: Room for an additional bathroom and laundry room (hookups in place)

Prime Location: Near shopping, beaches, and schools, enhancing rental or resale value

Minimal Rehab Required: Ideal for quick turnaround and high returns