Off-Market Property near New Port Richey Betty Pl. Holiday, FL. 34691
This is a 1,380 SQFT 2/2 in Holiday, Florida. The property features a 1-car garage, front patio, laundry room, fenced in yard and a family room which is being used as a 3rd bedroom. The property is currently tenant occupied. Tenant is on a month to month lease and is paying $500/month. Market rent for a property like this is around $1,350.
This is going to need standard rehab to flip. The roof is about 10 years old and in good shape and without leaks. The rest of the house is dated and will need to be renovated.
Renovated properties move quick in this area. Our comps show that flips are selling in about 10-days or less. A 3/2 in this area should sell for about $130/SQFT making the ARV about $180,000+/-. If you choose to keep the family room a living area and not a bedroom you are looking at about $165k ARV.