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This 3/2 manufactured home is on a lot in decent area. Home needs some repairs and updating, but rents in the area are about $950.3704 Hilite was a 2/2 MH and is only 960 sq ft , on a slab, but still a manufactured home and sold for $65k and is now rented for $950.
I think you can put about $15k or so in this one and either rent for $850, or add a little more to it and flip it for $75-80k probably. Either way you look at it the return is great.
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Est. Rehab: $15,000
Est. Rent: $850-$950
Est. ARV: $75,000 – $80,000
- Address: E. Larkwood Ct., Inverness, FL 34452
- Price: $39,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3
- Bathrooms: 2
- Total Square Feet: 840
- Construction Type: Manufactured
- Year Built: 1988
- Comparable 1: 3704 Hilite- 2/2 Manufactured home, 960 SF on slab - Sold for $65k, now rented for $950.