Layup Opportunity in Daytona Beach Vera St., Daytona Beach FL 32117
Property Detail
Type
Single Family Home, **SOLD** Status
Flip, **SOLD** Location
Florida
Sub Location
Daytona Beach
Price
$89,900
Sq. Ft.1,166Bedrooms2 (3)Bathrooms1 (2)ARV$159,900+RehabModerateGarageNonePoolNoneTaxes/yr$1,089Lot Size (Acres)0.21ConstructionBlockWaterfrontNoneYear1950SubdivisionBrownsHOA Fees/mo$0
Property Description
This is a meticulously maintained block home in the heart of Daytona Beach. It sits on a wonderful fenced in and well taken care of lot. The house is dated so it will need updating, but rehab should be modest. You have an option to add a third bedroom and second bathroom which will increase ARV.
AC and roof are in great shape so we aren’t seeing a need to replace them. As it sits the home is rent ready and vacant, but also a great flip opportunity as there is little inventory and homes aren’t staying on the market long.
This is an incredible and rare opportunity under 100k. You have 2 rehabbed comps similar in design and age that sold at 142 and 145/sf. We feel 137/sf is a very fair valuation, and could definitely be worth more as a 3/2. Comps are 2/1’s.
