💸 Cheap Fort Meade Flip
6 Figures Gross Margin Potential
🏠 3/1 SFH with Large Lot
🚫 NO HOA!
📍 Near Downtown

Buy: $102,000

ARV: $220,000

Call or Text Us: 321-384-5006

Property Details:

• 🏡 3 Bedrooms, 1 Bathroom
• 📐 21,039.48 sqft lot
• 🌳 Original Hardwood Floors & Brick Fireplaces
• 🍳 Included: Cooktop, Dishwasher, Gas Water Heater, Range Hood
• 🧺 Laundry: Outside

Click Here For Pictures

Property Details

This affordable 3-bedroom single-family home in Fort Meade is a good investment. The property comes with original hardwood floors and brick fireplaces. Notably, it has no HOA fees. While a significant portion of the roof was replaced in 2005, it will eventually require further attention.

The home features central air installed in 2018 and its heating system, which runs on electric and natural gas, was installed in 2007 and is still functional. The utilities available include high-speed internet, cable, electricity, natural gas, sewer, and water, all of which are conveniently connected. The property is connected to public sewer and water.

Additionally, the home includes two wood-burning fireplaces located in the family room and living room. It is situated in Fort Meade, conveniently close to schools, parks, and the downtown area.

Pictures: https://drive.google.com/drive/folders/1NYcyiGZ7Ky_Ez1sHQCekfKG-ibfldt6-?usp=sharing

Comps:

1311 Hickory Ln S, Fort Meade, FL 33841
Sold on 01/11/24 $239,000

508 Lime St SE, Fort Meade, FL 33841
Sold on 07/26/24 $220,000

1329 Hickory Ln S, Fort Meade, FL 33841
Sold on 08/22/24 $220,000

528 S Seminole Ave, Fort Meade, FL 33841
Sold on 10/19/23 $204,000

Investor Analysis

Pros

1. High ARV Potential: With an ARV of $220,000, there is significant equity upside after repairs, offering a potential gross margin of $105,000.
2. Low Entry Price: At $102,000, this property is priced well below market value, providing a low barrier to entry for investors.
3. Good Location: It is situated in Fort Meade, conveniently close to schools, parks, and the historic downtown area.
4. No HOA Fee:
   
   
   

Investment Strategies

• Fix and Flip: Investors can renovate the home, especially focusing on the basement, kitchen, bathrooms, and any curb appeal improvements to increase the property’s market value.

• Long-Term Appreciation: Holding the property for 5–10 years could yield additional value through market appreciation in this desirable neighborhood.

• House Hacking:  For an investor-owner, this property offers the potential for house hacking. The investor could live in part of the home and rent out the other bedrooms or the basement once it's finished. This would allow the investor to offset living expenses while the property appreciates.

💎Join Our VIP Network💎

DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.