3/1 Fix and Flip or Great Buy and Hold with Equity - Hudson, Florida

Pasco County, Hudson, FL, 34667
Sold
Listed at: May 18th, 2023
Price
$150,000
ARV
$215,000
Gross Margin
$65,000
Sq. Footage
1082
Type
Single-Family
Parking
Detached Garage
Year build
1961
Lot size
6375.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

💥💥Property Summary💥💥

💥Single Family

💥3 bedroom

💥1 full bathrooms 🚽

💥1082 square feet

💥Year Built: 1961 🏠

💥1 Car Garage

💥 Land Area: 6,375 sq ft


🛑🛑Investment Summary🛑🛑

Potential ARV: $210,000 - $220,000

Estimated Rehab: $20,000 - $30,000

Comparable Rent: $1,800-$1,900 ($1,923 Zestimate)


Fix and Flip: Keep it simple. Doesn't need to be fancy to hit ARV. Some additional upside if you can add a second bathroom.

Buy and Hold: A "turn" rehab plus a little extra and this could be ready to go. I'd probably leave the flooring as-is and update the kitchen. At this price point you have built in equity for leverage options.


🗣Check out these comps:🗣

9640 New York Ave, Hudson, FL - (2/1; Living Area: 864; Year: 1981) // SOLD $244k; March 07, 2023; 120 DOM // Condition: fully updated.

12816 College Hill Dr, Hudson, FL - (3/1; Living Area: 1086; Year: 1969) // SOLD $225k; December 23, 2022; 32 DOM // Condition: Updated; Roof 2019; HVAC 2019; Solar Panels 2020.

7124 Florestate Dr, Hudson, FL - (3/1; Living Area: 1000; Year:1978) // PENDING $199k; 17 days on market // Condition: Partial updates including paint, partial flooring, kitchen. Roof and windows are dated. Pending Comp!

15013 Omaha St, Hudson, FL - (2/2; Living Area: 1018; Year: 1987) // PENDING $214,900k; 11 DOM // Condition: Interior fully updated; dated windows. Pending Comp!


🗣Rehab Summary🗣

4 Point Notes:

Roof - Metal. Owner says 8 years old. No permit found.

HVAC - 10+/- years old. Blowing Cold and looks to be in decent shape.

Electrical - Permit 2017, presumably for panel.

Plumbing - Pex per visual at HWH. No Permit.


Rehab - A few simple updates and this property is good to go!

  • 4 Point: Service HVAC
  • Exterior: Exterior Paint
  • Interior: Trash Out, Kitchen, Flooring, Interior Paint, Kitchen (small), Appliances, Partial Update Bath, Sale Clean, Trim Out Package
  • Elective: Consider adding second bath.
  • Rental: Flooring OK as-is; Kitchen could be salvaged with some TLC.


ACT TODAY AS GOOD DEALS DON'T WAIT!!!

☎️ Call Jackson OR shoot him a 📱 text for more info on this killer deal!!!! 407-374-0691

You can click the WIN IT NOW button and avoid all the bidding and lock this one down right now.


DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. We may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. We do not give the right to market this property without our written consent. Realtors give us a call.
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$123k
sold
$99k
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Jackson Parnell

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