Rare Ellenton Block Flip

Rare Ellenton Block Flip

2 bed 2 bath 1288 sq ft Built in 1959 Single Family
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75
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Presenting the lowest priced home currently available in all of Ellenton, FL. This property is located within walking distance of the Mantee River and a short drive to I-75. This home sits on just under half an acre of land which is hard to find in this area. In fact, there have been fewer than ten on market sales in the last year for homes with this lot size in Ellenton. 

The 2-bedroom, 2-bathroom home offers both an attached garage and a separate detached garage. The concrete block structure features a roof that was permitted in 2018. We recommend replacing the HVAC system and focusing on cosmetic updates. Upon completing renovations, this home should stand out with limited inventory in the immediate area. 

The oversize lot adds value with the potential to subdivide. Currently, there are only two active listings for vacant land in this city, highlighting the overall scarcity. 

Contact your EquityPro Advisor today for more information and to view this property. 

 

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We recommend flip
Rental Income
$2,300 mo. / $27,600 yr.
Estimated Taxes
$4,618 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$15,722
Projected Income
5.47%
Estimated APY
$39,950
Projected Income
12.10%
Estimated ROI

Comps

 
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