FEATURES:

–> Leased Until August, 2024 W/ Last Months Rent and Security Deposit on File
–> ReRoof in 2018 w/ Permit 18-04064

DUAL THREAT OPPORTUNITY LOCATED 2 MILES FROM UNIVERSITY OF FLORIDA!!! This CBS home features 4 bedrooms, 2 bathrooms, a 2018 roof done with permit, a carport, and a fenced in backyard. In a prime location this home will work great for a FLIP for any investor willing to hold the lease and can be resold for a generous profit once vacant and updated. For a Rental an investor can jump into immediate residual income with a leased-paying tenant. Located close to UF campus, UF Shands Hospital, shopping, and more, this house is in the heart of Gainesville. Don’t miss this opportunity and call/text our agent now!!! 407-449-1641

REHAB:

For a Flip it is recommended to give this home a full update. Roof was replaced in 2018. A/C is in good working condition. The kitchen, flooring, bathrooms, and fixtures should all be updated. Home should receive a fresh interior and exterior paint, new water heater, new appliances, and some landscaping for curb appeal.

For a Rental the home is in good condition. For maximum market rent it is recommended to update the home once vacant. A full update could be conducted or the home could be selectively updated with new flooring, fixtures, fresh paint, and updates to the kitchen and bathrooms.

COMPS:
810 NW 37th Ter – 3/2 with 1,918 sqft
$415K SOLD 7/20/2023 Build 1959
(fully updated)3632 NW 7th Ave – 3/2 with 1,556 sqft
$389K SOLD 8/4/2023 Built 1956
(Updated home most likely an investor FLIP!)517 NW 35th St – 4/2 with 1,527 sqft
$331K SOLD 8/4/2023 Built 1956
(No updates, fresh paint added and sold $21K above listing)

507 NW 36th St – 3/2 with 1,200 sqft
$310K PENDING Built 1957
(dated with carport, per sqft that puts us at $407K valuation!)