Investorlift

34668, FL

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34668, FL

$95,000 · NEW PORT RICHEY, FL 34652
Works for flippers · Works for landlords

Available

$95,000Asking price

3 bd · 1 ba · 1,100 sq ft · built 1957

NEW PORT RICHEY, FL 34652

No contract on file

via InvestorLift Classic

2 views · listed Aug 14

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $240,000
Asking price: −$95,000
RepairsThe seller’s figure. Ours: $13,000 – $27,500: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$13,519
Profit36.0% of ARV · flippers want 10%+: $86,481
Works

Works for a flipper up to $153,000.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Comps

Sales

Rents

ARV $240,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $128,000.

The sales behind this value are shown to members.

ARV $240,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Seller Description

INVESTOR SPECIAL – BIG HIT IN NEW PORT RICHEY! 3BD/2BA | 1,099 Sq Ft | Carport | ARV $240K

Solid value-add opportunity in New Port Richey! This vacant 3-bedroom home is ready for renovation and offers excellent upside for an investor. Recent renovated sales in the surrounding area support the potential here, including nearby homes selling in the $235K–$255K range.

Property is subject to a City of New Port Richey code enforcement lien accruing at $150/day. Buyer will be responsible for bringing the property into compliance and resolving the lien. Upon completion of renovations and obtaining compliance, the lien may be eligible for a substantial reduction through the City’s lien reduction process.

Property Highlights:

• 3 Bedrooms

• 1 Bathroom

• 1,099 Sq Ft

• 6,751 Sq Ft Lot

• Concrete Block Construction

• Carport

• Open Living Area

• Built in 1957

• Vacant

• Needs Renovation

• ARV: $240,000

• Estimated Renovation: $45,000

Recent Comps:

• 5808 Massachusetts Ave – 3BD/2BA | 1,192 Sq Ft | Sold $250,000

• 4929 Largo Terrace – 3BD/2BA | 1,184 Sq Ft | Sold $249,900

• 7139 Pinewood Drive – 3BD/2BA | 1,176 Sq Ft | Sold $235,000

• 5731 Michigan Avenue – 2BD/1BA | 935 Sq Ft | Sold $255,000

Location Highlights:

Located in New Port Richey with convenient access to shopping, dining, parks, and major roadways, with access toward Tampa, Clearwater, and St. Petersburg.

DISCLAIMER

Property is subject to a City of New Port Richey code enforcement lien accruing at $150/day. Buyer will be responsible for bringing the property into compliance and resolving the lien. Upon completion of renovations and obtaining compliance, the lien may be eligible for a substantial reduction through the City’s lien reduction process.
Approximately 2–3 months for closing.
Selling as-is.
Buyer is responsible for all closing costs and title insurance.
Strongly prefer to use Manzo & Associates Title Co as the title company.
Broker participation is welcome at 3% on top of the purchase price.
Firm on price. Any offer below asking will not be considered.
Cash or hard money loans only.