Passes the 70% Rule with approximately $15,000 of room to spare
Rare value-add opportunity on more than 10 acres in Ormond Beach. The property currently has a finished 4BR/3BA upstairs, while the ground floor can be enclosed and finished to potentially create an additional 2 bedrooms and 3 bathrooms, bringing the property to approximately 6BR/6BA total potential.
The expansive 10.12-acre lot provides significant flexibility for expansion, additional outbuildings, recreational use, or potential future subdivision, subject to zoning and buyer due diligence.
With an estimated $125,000 rehab budget and a projected $1.2M ARV, the deal offers an estimated $375,000 spread at exit, providing meaningful room for holding and closing costs. The projected numbers also pass the 70% Rule with approximately $15,000 of additional margin.
This is a unique opportunity to acquire a large-acreage property in a desirable Ormond Beach submarket with substantial upside through renovation and expansion.
We Offer Hard Money Loan.
For more information please contact us at (321) 450-3472.
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
1 deals visible on map
Zoom in to see deals.
Zoom in to see deals
ARV $1,200,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $710,000.