Homerun Flip Close To The Ocean! – FL 32118 Pending

  • $275,000
  • 3 beds
  • 1 baths
  • 1,434 sqft

Property Description:

Great opportunity to flip a house just blocks from the beach!  The roof and foundation both look good, so that’s a big plus.

The house will need a new kitchen as well as a bathroom gut.   You may want to knock some walls down to open up the living space.  Windows are older, so you probably want to replace them.  You will have some electrical work, paint in and out, air conditioning, and new fixtures/doors.  Lastly, you will need to put a hallway wall back up to re-wall the 3rd bedroom in correctly. Lastly, you will spend some money landscaping.  There is some good yard space, but it is not being used to it’s best potential.

In the last 90 days, you have 2 comps that sold for over $400/sf and another for $330/sf.  You have an active that is on the market for $364/sf and an outlier pending at $215/sf, but that one is much bigger.  If we use $315/sf which is well under the average for recent sales comps, you will be looking at $450,000 as an ARV.  You could say $425,000 and be super safe, and still get mega potential returns!

Price:
$275,000
Address:
Ribault Ave
Daytona Beach, FL 32118
Square Feet:
1,434
Lot Size:
0.17 Acres
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1945
Basement:
$70,000+-
Const. Type:
Block
MLS #:
$425k - $450k

Call (321) 379-5777 for more details

Property Location