Description
Prime investment property available in New Smyrna Beach, featuring solid concrete block construction and a brand new roof, installed just three months ago. This dated, but well-maintained home is on city utilities, eliminating concerns about well and septic systems. The property presents an excellent opportunity to add value through some modern updates. To maximize your ARV, we propose adding a master bath, just off of the third bedroom. This would transform this home into a desirable 3-bedroom, 2-bath configuration, adding approximately 60 square feet of living space.
The home’s foundation is rock solid, having weathered recent hurricanes without issue. Notable features include original terrazzo flooring throughout, which can either be restored or serve as an ideal base for new flooring. The screened porch offers additional potential for expanded living space. You will need to replace the AC, window updates, kitchen and bathroom renovations, and an electrical panel upgrade. Finally, you will need paint, landscaping, and fixtures.
With an entry price significantly below market value and the major expense of roof replacement already addressed, this property presents a compelling opportunity for investors seeking a straightforward project with strong potential returns.