Beds: 2 Baths: 2 SqFt: 870
ARV: $300k+ Repairs: $30k-$40k
Opportunity in 32801 where the options are endless. Take a look at this Historic 2 bedroom 2 bath home built in 1916 that offers 870 sqft of living space, a detached 1-car garage. Keeping the same square footage with a quality rehab we believe the ARV to be $300k, but you have many options as it could be a great addition to your rental portfolio at $1,600/mo with simply finishing off the bathroom updates, some paint and a good cleaning. How about increasing the ARV with adding square footage to the back of the home or going up to a second floor, every $100 per sqft you spend you will get $275-$300 per sqft in return. Builders might consider knocking down and building new on this .16 acre, R-2A lot. What would you do?
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