This 4-bedroom, 2-bathroom, 1,740-square-foot block home presents an investor with a solid flip opportunity. Located in San Marco, this property is close to great shopping and dining locations and also top-rated schools.
A new roof was installed in 2019, eliminating a major expense for investors. We recommend replacing the A/C units, installing ducts in the downstairs area, and new exterior windows. The home will also need a full cosmetic update, including the kitchen and bathrooms, and adding a fresh coat of paint inside and out. We believe once this property has been updated it can sell for around $230 per square foot, which equates to a $400,000 ARV. This means an investor could generate over $65,000 in profit, or around a 19% ROI.
Properties in this location and at this price are hard to come by, so do not miss out on this opportunity. Contact your EquityPro Advisor today.