🏡 Investment Opportunity in Saint Petersburg, FL

📍 Property Details:

• Bedrooms/Bathrooms: 3 Bed / 2 Bath
• 📏 Livable Area: 1,627 sqft (per tax records)
• 📏 Lot Size: 7,889 sqft
• Year Built: 1971 (Block Construction)
• Asking Price: $314,000
• ARV (After Repair Value): $540,000
• EMD (Earnest Money Deposit): $7,000
• COE (Close of Escrow): 11/13/24

📸 Link to Photos:

Property Photos

🔑 Key Features:

• In-ground Pool with filters, screen enclosure, and pumps redone in 2014.
• AC Unit replaced in 2016.
• New paver driveway completed in 2014.
• Roof: In good condition, but the age is unknown.
• Hurricane Damage present and needs to be assessed.

📊 Financial Breakdown:

• 💲 Asking Price: $314,000
• 💲 ARV: $540,000
• 🏷️ Potential Profit Margin: Up to $226,000, depending on renovation costs and market conditions.

📝 Comparable Sales (Comps):

1. 4501 Huntington St NE

   • Sold for $629,000 on 5/24
   • 4 beds / 2 baths / 1,728 sqft / Built 1959
   • Remodeled, Block Construction

2. 6033 Venetian Blvd NE

   • Sold for $599,000 on 9/24
   • 4 beds / 2 baths / 1,681 sqft / Built 1968
   • Remodeled, Block Construction

💡 Investment Highlights:

• Desirable Location in Saint Petersburg: This property is located in a prime area with significant appreciation potential.
• Solid Comps Support ARV: Nearby comparable properties show strong sale prices for remodeled homes, with comps selling for up to $629,000.
• High Potential Profit Margin: With an asking price of $314,000 and an ARV of $540,000, the potential profit margin is substantial, making this an excellent opportunity for investors.

💼 Conclusion:

This 3-bed, 2-bath home at 2079 Montana Ave NE offers a tremendous investment opportunity. With significant upside potential and comps showing strong values in the area, this property presents a great opportunity for an investor or flipper looking to maximize returns in a growing market.

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

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but not guaranteed. Buyers should conduct their own due diligence.