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North Port Flip $30k under Assessed Value
North Port Flip $30k under Assessed Value
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Property Details
Located in thriving Sarasota County is this 2-bedroom, 2-bathroom, 1297-square-foot home built in 1982. The home's interior is in pretty good shape, but it will need some cosmetic updates to reach full potential.
We suggest updating the roof and A/C system, along with a fresh coat of paint. We also believe there is room to add a third bedroom, which would attract more buyers and renters. If flipping, we have an estimated ARV of $240,000 once updated. As a rental, we have estimated the rent to be between $1800–$2000 per month, depending on the bedroom count.
Another key point is that the current tax assessed value of the home is $161,500, giving a savvy investor plenty of equity. Homes at this price point in Sarasota County are rare, especially with multiple exit strategies. Call your EquityPro Advisor today to secure this amazing opportunity.