Spring Hill, FL 34606

Rehab or Rental Opportunity

This is a great 3 bedroom, 1.5 bathroom with master suite, interior laundry, nice area and neighborhood, 1208 square feet SFR built in 1973. Frame construction. This has a lot of great potential for experienced investors as a rental property or fix & flip opportunity. Good rent area of Spring Hill. Currently vacant. Opportunity for conversion to add a bedroom as garage was enclosed and is used as a bedroom, if it is remodeled with A/C, property appraiser can mark it as living space vs. auxiliary, which would increase ARV to $300k. Needs roof, NO interior leaks, but city marked as unsafe (it was NOT marked condemned, in this case lock the home and fix the roof and the code goes away) from hole in roof on front porch and being unsecured (no fines are accruing at this time). Needs T 1-11 siding and a full interior rehab. Pool needs possible resurface and pump. Approximately $65k in repairs.

Spring Hill, Florida

• Single Family Residential
• 3 bedrooms
• 1.5 baths
• 1208 SF.
• Frame
• Pool
• Built in 1973.
• Great Investor rehab or rental opportunity!
• Needs rehab to retail.
• Estimated $65k in rehab costs
• Selling as an As-Is property.

Area Comps

9499 Hayes St - $247,800 - 3/2 - 1280sf - Partial Reno NO Pool - SLD 11/07/22

9323 Mallard St - $290,000 - 3/2 - 1402sf - Not Reno NO Pool - SLD 10/20/22

4516 Essex Ln - $237,000 - 3/2 - 1096sf - Renovated, smaller NO Pool - SLD 10/19/22

5005 Deltona Blvd - $246,000 - 3/2 - 1434sf - Partial Reno NO Pool - SLD 8/31/22

Rental Comps

9449 Chase St - 3/2 1294sf - Rented $2,145 02/2023

9499 Hayes St - 3/2 1280sf - Rented $1,845 12/2022

9607 Century Dr - 3/2 1229sf - Rented $1,795 12/2022

 Potential ARV $270,000+

(ARV adding extra bedroom $300,000)

Mthly Rent $1,900+

Sold "AS-IS"

Asking $143,000

Net to Seller