Property Description:
Opportunity to own and rehab/rent a SFR on 1/3 of an acre lot, less than 4 miles from the Ocean, for 125k. It’s a small house, but the property is going to need a full rehab. That being said, based on the square footage of the home, the overall cost should be reasonable. You are going to need to tent for termites and repair some damage, but it’s a super small house, again. You will also need to clear the lot, but good news is the city will hall the stuff away for free, saving a good amount of money. This is the second cheapest property in all of Volusia County, out of 2,000 active SFR’s, 2nd cheapest pending out of 750 sfr’s, and would be among the top 15 cheapest sold properties in the county within the last 6 months. The seller needs the money to move, so we would need a 45 day escrow holdback of $15,000, at closing.