🏡 Investment Opportunity: 3 Bed / 2 Bath in New Smyrna Beach, FL 🌊

🏠 Property Details:

• 🛏️ Beds / 🛁 Baths: 3 Bed / 2 Bath
• 🏢 Detached Garage
• 📏 Livable Area: 1,686 sqft (per tax records)
• 🌿 Lot Size: 26,136 sqft (over half an acre)
• 📅 Year Built: 1957 (Block)
• 💲 Asking Price: $168,000
• 💼 EMD: $5,000
• ⏳ Close of Escrow (COE): 10/10/24

📸 Link to Photos:

View Property Photos

🔑 Key Features:

• 🏚️ Roof: Needs replacement.
• ❄️ AC: Condition unknown, may need to be replaced.
• 🌟 Lot Size: Huge 26,136 sqft lot with room for future expansion or landscaping projects.

📊 Financial Breakdown:

• 💲 Asking Price: $168,000
• 🏷️ After Repair Value (ARV): $380,000
• 💼 EMD (Earnest Money Deposit): $5,000
• 🔨 Renovation Considerations: New roof, potentially a new AC system, and other updates to bring the property to market condition.

Comps (Comparable Sales):

• 📍 621 Conrad Dr, sold for $375k on 7/24
  • 3 Beds / 2 Bath / 1,524 sqft / 1958 yr
  • Remodeled, Block
• 📍 506 Julia St, sold for $368k on 5/24
  • 3 Beds / 2 Bath / 1,450 sqft / 1957 yr
  • Remodeled, Block
• 📍 828 Hamilton St, sold for $355k on 6/24
  • 3 Beds / 2 Bath / 1,538 sqft / 1955 yr
  • Updated, Block

💡 Investment Highlights:

This 3-bed, 2-bath home located in New Smyrna Beach offers an exceptional value-add opportunity with a large 26,136 sqft lot. The home is currently listed at a significantly discounted price of $168,000 with an ARV of $380,000. The property will require a new roof and potentially a new AC system, but after renovations, it has strong potential for appreciation.

💵 Price Analysis:

• Asking Price: $168,000
• ARV: $380,000
• Potential Equity: $212,000 post-renovation

With a competitive asking price and room for significant value increase, this property provides an attractive opportunity for investors looking to flip or rent out the home in a desirable beach town.

📍 Location:

Located in New Smyrna Beach, a highly sought-after area known for its beaches, vibrant community, and proximity to major highways and attractions. The large lot offers additional flexibility for future development or expansion.

⚠️ Considerations:

• 🔧 Roof: Immediate replacement needed.
• ❄️ AC: Condition is unknown, and may require replacement.
• 🏘️ Lot Size: The expansive lot size of 26,136 sqft opens up potential for future projects.

💼 Conclusion:

This New Smyrna Beach property offers a solid value-add investment opportunity with a huge lot, a manageable renovation scope, and great upside potential. Perfect for those looking to invest in a beachside community while still securing a significant equity margin. 🌊💰

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. The asking price and property details are estimates based on available data and are subject to change. Buyers should conduct their own due diligence. The seller and their representatives make no warranties or guarantees regarding the accuracy of the information or the property's condition.