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Here is a 2/1, 1096 SQFT block flip in the West Naples subdivision.
The rehab estimate includes paint, floors, kitchen, bath, and possible roof. Since the comps used are both 2 baths you would need to add a 2nd bath to justify value. With a house this size, the rehab should be able to be done for about $30k.
West Naples, No HOA
Est. Rehab: $30,000
Est. ARV: $235,000
Here are the comps pulled from the exact subdivision:
- 1014 Habana – 2/2 1040 sq ft sold for $231,500 on 5/27/18
- 1011 N Paddock – 3/2 1256 sq ft sold for $260,000 on 2/23/18
- Address: N Habana Ave, Tampa, FL 33607, USA
- Price: $154,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 2
- Bathrooms: 1
- Total Square Feet: 1096
- Construction Type: Block
- Year Built: 1963