🌴St. Pete Value Add Fixer🌴

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Estimated 60k+ profit on one deal…

This property is moving quickly and will be at the closing table in less than three weeks. This unique project that is sure to be a gem of the neighborhood will be ONE investor's BAG OF CASH by the 6th. Your creative touch is all this property needs to make it one of the HOTTEST homes in all of St Pete. You might shock your escrow agent when they see your net profit when this project is complete. Now is the time to stack assets before the rates come down and prices surge….. By the time your crews are done and this project hits the market. It will be the peak season for home buyers. TEXT OR CALL JC to Submit an offer TODAY!! 

PS. Some things are no-brainers…..

• Value Add opportunity
• Roughly 60k profit
• Check out the Value Add break down Below

VALUE ADD BREAK DOWN:

This property is currently sitting as a 2/1 there are many comps that have sold fixed up for 2/1's most all are smaller than the subject property. See comps below.

By adding an additional bathroom and bedroom this brings the value of the property above the 400k range. See comps below. This property needs a cosmetic upgrade as a whole. But by going the value add route this will produce more profit. A property just sold down the street as a 3/2 1152 sqft. Some sqft as the subject property. This one sold VERY DATED on 9/1/23 for 450k. This is a great indication of the Prices you could fetch on market once the rehab is done!

Age of Roof: 2016

Age of HVAC: 2001

comps:

Fixed up 2/1

1. 4629 56th Avenue N - Sold 6/13/23 350k
2. 5260 48th Avenue N - Pending 360k

AS-IS 3/2 comps

1. 5054 54th Street N - SOLD AS IS 9/1/23 450k
2. 4723 Lake Charles Drive N - Sold 8/24/23 420k Does not have a pool!!!!

Pending Comps :

1. 5040 49th Avenue N - Pending AS-IS Dated 400k ( 3 bed / 2 bath )
2. 5260 48th Avenue N - Pending 360k ( 2 bed / 1 Bath )
3. 5420 43rd Avenue N - Pending 385k ( 2 bed / 1 bath )

☎️ CALL OR TEXT JC📱 AT (661) 974-9331 TO SUBMIT AN OFFER !!!!