$400,000 · TALLAHASSEE, FL 32312
Works for flippers · Landlords would lose money

Available

$400,000Asking price

3 bd · 4.5 ba · 2,944 sq ft · built 1973

TALLAHASSEE, FL 32312

No contract on file

via InvestorLift Classic

1 view · listed Oct 7

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $625,000
Asking price: −$400,000
RepairsMiddle of the seller’s $45,000 – $50,000. Ours: $30,000 – $62,000: −$47,500
Loan, holding, closing20% down, 12% interest, 2 points, 79 days: −$45,461
Profit21.1% of ARV · flippers want 10%+: $132,039
Works

Works for a flipper up to $465,000.

REDBLOCK LLC

Blake Baker

No reviews yet

Comps

Sales

Rents

ARV $625,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $385,000.

The sales behind this value are shown to members.

ARV $625,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

REDBLOCK LLC

Blake Baker

No reviews yet

Seller Description

Great opportunity in a desirable Tallahassee location, backing directly to Maclay Gardens State Park. This spacious home features a beautifully renovated kitchen with a large island, extensive cabinetry, stone countertops, stainless steel appliances, and an oversized range hood. The open kitchen, dining, and living areas offer a great layout, while the screened rear porch, fireplace, large private backyard, and 3-car garage add even more appeal. The property is partially renovated, with a significant portion of the interior already completed. The remaining work primarily consists of finishing the flooring and completing two bathrooms, allowing an investor to finish the renovation without taking on a full gut rehab. The office could also potentially function as a 4th bedroom, providing additional flexibility and resale appeal.

3 Beds

2.5 Baths

2944 Sqft

Text 813-325-2125 for more info !

need highest and best!

IMPORTANT — NON-CIRCUMVENTION

NOTICE: All inquiries and negotiations must go through Project Bay LLC. Buyers, brokers, agents, or other parties are strictly prohibited from contacting the seller directly, attempting to circumvent Project Bay LLC, or otherwise undermining or interfering with this transaction. Any attempt to circumvent or interfere with our contractual interests may result in legal action and a claim for damages and/or other available remedies.

Serious inquiries only. Proof of funds are required.