(St Pete) Block Flip-- 50%+ ROI

Pinellas County, St. Petersburg, FL, 33714
Sold
Listed at: August 30th, 2023
Price
$199,000
ARV
$360,000
Gross Margin
$161,000
Sq. Footage
855
Type
Single-Family
Parking
Driveway
Year build
1949
Lot size
6077.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Overview:

This block 3/1 with a current living space of 855 Sqft is ready to be converted into 1411 livable Sqft to achieve an ARV of 360k+. The property's EPU (262 Sqft) and UTU (294 Sqft) are enclosed by the block exterior and currently used as unpermitted living space but with some rehab and permits the house could yield a total living space of 1411 Sqft. Central AC/Heat exists inside the current livable space, but the unit will need to be replaced-- the 2004 water heater is working well.


As-Is Details

855 Sqft

3 Bed / 1 Bath

Built: 1949

Potential Livable Sqft: 1411

Exterior Wall: Concrete/Block

Floor/Foundation: Slab

HVAC: Central (located in attic) through 855 Sqft. Age to be determined during inspection

Electric: Good Condition

Roof: Needs to be replaced

Water Heater: 2004 (working)



Photos:

Photos for EPU and UTU are labeled according to the plot

  • Black room featured in the pictures is the 262 Sqft EPU



COMPS

As-Is Comp & Link:

4644 40th St N

Sqft: 720

Sold Price: $217,000

Sold Date: June 2023

Bed: 3

Bath: 1

$301/Price Per Sqft

.2 Miles



ARV Comps & Links:


4198 46th St N

Sqft: 724

Sold Price: $280,000

Sold Date: June 2023

Bed: 2

Bath: 1

$387/ Price Per Sqft

.5 Miles


3638 51st Ave N

Sqft: 1393

Sold Price: $355,000

Sold Date: May 2023

Bed: 4

Bath: 2

$255/Price Per Sqft

.7 Miles


4780 50th Ave N

Sqft: 1485

Sold Price: $419,750

Sold Date: June 2023

Bed: 4

Bath: 2

$283/Price Per Sqft

1.1 Miles


5282 Orange Blossom Ln

Sqft: 1299

Sold Price: $329,900

Sold Date: August 2023

Bed: 2

Bath: 1

$254/Price Per Sqft

1 Mile



Documents
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Cody Schmidt

No reviews

Disposition manager