Pensacola FL 💥 100k Spread Fix n Flip 5 mins from Downtown

Escambia County, Pensacola, FL, 32501
Sold
Listed at: January 4th, 2024
Price
$250,000
ARV
$525,000
Gross Margin
$275,000
Sq. Footage
2777
Type
Single-Family
Parking
Carport
Year build
1958
Lot size
0.62 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

💥 New Deal For Assignment in Pensacola, FL 💥

Massive Potential $100K Spread - Huge Lot Size - Under 70% of ARV - 5 mins from Downtown!

🏡 Property Overview:

Address: 1301 W Lee St, Pensacola, FL 52501

Size: 2777 SqFt

Lot Size: .62 acres

Year Built: 1958

Layout: 4 Bedrooms / 2.5 Bathrooms

Status: Vacant on lockbox

🌇 Location Highlights:

Downtown Pensacola: 5 minutes away

International Airport: 13 minute drive

Naval Air Station: 20 minute drive

 

💰 Financial Highlights:

Asking Price: $250,000

Rehab Estimate: $100k - $125k ($35/sqft - $45/sqft)

After Repair Value (ARV): $500,000 - $525,000

EMD: 5k

Closing Date: On or Before March 7th, 2024

 

🚀 Investor's Edge:

Huge Profit Margin: Potential for $100K spread

High Demand Area: Close to key locations for increased property value

Full Rehab Needed: Opportunity for complete customization and maximized returns

📝 Additional Info:

Needs Full Rehab: Including roof and foundation repair

Foundation Repair Quote: Available for review

Inspection Report: Dated 12/7/23 available

📞 Contact for More Information:

Coreyonte Turner

Phone: 402-840-7321

Email: Coturner@joehomebuyer.com

Courtesy of Joe Homebuyer Gulf Coast

WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Coreyonte Turner

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