Panama City Beach FL πŸ’₯ Light Rehab Flip or High Income Rental

Bay County, Panama City Beach, FL, 32413
Sold
Listed at: January 31st, 2024
Price
$405,000
ARV
$570,000
Gross Margin
$165,000
Sq. Footage
1512
Type
Single-Family
Parking
Driveway
Year build
1961
Lot size
0.15 acres
Bedrooms
3
Bathrooms
3
Half Bathrooms
0
Summary

πŸ’₯ New Property For Assignment πŸ’₯

Light Rehab Flip or High Income Rental in Panama City Beach FL

πŸ“Property Overview:

Size: 1512 sqft

Year Built: 1961 (Renovated in 1966)

Layout: 3 Bedrooms / 3 Bathrooms

Roof: 1 year old

HVAC: 1 year old

Status: Occupied, Owner Vacant 30 days after close

πŸ’° Financial Highlights:

Asking Price: 405k

After Repair Value (ARV): 550k - 570k

Rental Rates: LTR 2.5k - 2.9k/month

HOA: No

EMD (Earnest Money Deposit): 5k

Closing Date: On or before February 29, 2024

🌐 Location Highlights:

Located in Laguna Beach neighborhood, walking distance to the white sandy beaches

Minutes from Pier Park

πŸ† Investor Edge:

Prime location with proximity to beaches and entertainment

Recently renovated with a one-year-old roof and HVAC

Potential for lucrative long-term rentals

πŸ“ž Contact for more photos & info

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

β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
No reviews

Disposition manager