St Pete Bungalow Flip | EquityPro

St Pete Bungalow Flip

2 bed / 2 bath1,074 sq ft Built in 1915Single Family

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Look at this gorgeous St. Petersburg flip! Our investor purchased this 2 bedroom, 2 bathroom bungalow from EquityPro for $157,500. He completed a full cosmetic update inside and outside of this 1,074 square foot single family home, costing $125,000 including other expenses. EquityPro's projected ARV was $295,000 with a $79,000 rehab. Our investor decided to increase his rehab budget and push the price per square foot envelope. It paid off! This house set a record within a quarter mile of the property for price per square foot sold. This home went pending in 51 days and sold for $348,000, generating a $65,500 net profit. Congratulations on this beautiful and successful flip!