Saint Pete Flip
Saint Petersburg, FL 33714
Bedrooms: 3 Bathrooms: 2.5 SQFT: 2,640
Year: 1950 ARV: $335,000
This one is a big rehab however, the reward is even bigger! This single family home built in 1950, features 3 bedrooms, 2 1/2 bathrooms, a whopping 2,640 square feet, and sits on an over-sized lot (11,489 sqft). Nestled in a neighborhood full of properties being renovated, this flip opportunity is full of potential. Comparable homes that have been recently renovated are selling between $160 to $198 per square foot. Considering the square footage of this home, we have estimated our After Repair Value using only $125 per square foot. With a nice profit margin over $60,000 and a NET Return over 20%, this is a very promising flip for any investor. Contact us for additional information.