Property Description:
Immediate equity from day one! Here we have a 2-bedroom, 1- bathroom home, located in one of the most desirable areas of Volusia County. This property also happens to be the lowest priced single family residence, in all of Ormond Beach!
This investment property will need a full rehab if you’re wanting a quick fix and flip, and we suggest ducting in a new AC and replacing the window units, if you want to reach top dollar. Also, at this price point, you may consider light/minor renovations and just hold it as a cash-flowing rental for long-term returns. Furthermore, this property has a permitted roof that was replaced in 2014, and it’s on public sewer and water. In addition, we have comparables that support $1,500 per month for a 2/1 with average interior features.
Block flips in Ormond Beach are scarce, and you’ll be hard-pressed to find a quality home in this area for less. Don’t miss out on this opportunity. Contact us now, as investment homes with multiple strategies tend to move rather quickly.