🏡 Investment Opportunity in Pensacola, FL

📍 Property Details:

• Bedrooms/Bathrooms: 2 Bed / 1 Bath
• 📏 Livable Area: 967 sqft (per tax records)
• 📏 Lot Size: 2,613 sqft
• Year Built: 1948 (Wood Frame)
• Asking Price: $47,000
• ARV (After Repair Value): $130,000
• EMD (Earnest Money Deposit): $5,000

📸 Link to Photos:

Property Photos

🔑 Key Features:

• Wood Frame Construction from 1948, with a vintage feel.
• Major Updates Required: All major systems (windows, electrical, etc.) need replacement, and the property does not meet current code requirements.

📊 Financial Breakdown:

• 💲 Asking Price: $47,000
• 💲 ARV: $130,000
• 🏷️ Potential Profit Margin: Up to $83,000, depending on renovation costs and market conditions.

📝 Comparable Sales (Comps):

1. 3026 N Q St

   • Sold for $148,000 on 4/24
   • 2 beds / 1 bath / 856 sqft / Built 1957
   • Remodeled, Block Construction

2. 1006 W Hayes St

   • Sold for $135,000 on 7/24
   • 2 beds / 1 bath / 778 sqft / Built 1963
   • Remodeled, Block Construction

3. 2200 W Hernandez St

   • Sold for $147,000 on 4/24
   • 3 beds / 1 bath / 1,256 sqft / Built 1942
   • Fairly Updated, Wood Frame Construction

4. 2401 N R St

   • Sold for $125,000 on 9/24
   • 3 beds / 1 bath / 1,080 sqft / Built 1957
   • Updated, Wood Frame Construction

💡 Investment Highlights:

• Affordable Entry Price: At $47,000, this property offers a low-cost entry for investors seeking high returns.
• Significant ARV Potential: Comparable properties have sold for as high as $148,000, providing strong justification for the projected ARV of $130,000.
• Renovation Opportunity: With major updates needed, this property is ideal for a buyer looking for a full renovation project to capitalize on the growing Pensacola market.

💼 Conclusion:

This 2-bed, 1-bath property at 2406 W Maxwell St offers substantial profit potential with an ARV of $130,000 and a low asking price of $47,000. Though it requires major renovations, the property has strong comparable sales in the area, making it a promising investment opportunity for savvy investors.

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.