Tallahassee FL FLIP or RENTAL

  • House
    1560 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip
    $23,000
    Status : Available
    Year Built : 1952
 Description
An older couple really needs out of the property.  He started renovations with gutting the house and started siding but his health won't let him continue.  They need to unload the property.  This property is an ugly house special with TWO BUILDINGS FOR THE PRICE OF ONE.  The house was built in 1952, originally a 2/1 but it is gutted to the studs and you have a clean slate to work with.  The concrete block building on the property originally had gas pumps out front.  It has been used as a produce stand and an electronics shop.  It would make a nice woodworking shop or hobby welding or mechanic shop.  Good school district and parks and a lake not far away.  Make this one your next project.  
 Rehab Work Needed
  • Air Conditioning
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Heater
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Paint Exterior
  • Paint Interior
  • Roof
 General Amenities
 Distance
  • Beach : 90 Minutes
  • Playground : 5 Minutes
Comparables (Comps.)

Comparable #1

8256 Queen Anna Dr, Tallahassee, FL, USA, 32317

Listed : $198,500

Image Gallery

 Summary

Overview
Tallahassee FL FLIP or RENTAL Flip
$23,000
Property ID: FL190418915
Address: Login to View
City: Tallahassee
State/Province: FL
Zip Code: 32317
Country: USA


Flip Analysis

+ Purchase Price: $23,000
+ Purchase Closing Cost: $690
+ Rehab Cost: $80,000
Total Acquisition Cost: $103,690


+ Selling closing cost: $4,350
+ Agent Commision : $4,350
+ Insurance (6 Months) : $600
+ Utilities (6 Months): $600
Total Holding Cost: $9,900


Total Flip Cost: $113,590
Projected ARV: $145,000
Net Income (Profit): $31,410
CAP Rate: 27.65%

 Message

7 - 5 = ?