Property Description:
Located just a half mile from Bethune Cookman, this Block property would make an excellent rental or a low end flip. The seller turned the property into a duplex, although he didn’t pull the proper permits to do so. That being said, even though it is currently classified as a SFR, it is zoned R-3, so the possibility to pull permits is there. It will take some work to properly convert though, should you choose to go this route. The roof is 3 years old, and is in good condition as it stands now. For a flip, you would need general updating. As a 2 bedroom and 2 bath sfr, you should be able to get $1,400 – $1500 a month in rent. As 2 1/1’s, you would be looking at no less than $950 per side, in our opinion. For ARV, as a SFR, you are probably around $170k to $175k.