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Updated over 13 years ago,

User Stats

66
Posts
16
Votes
Eddie P.
  • Real Estate Investor
  • South, FL
16
Votes |
66
Posts

Flip a Wheelchair accessible home or convert back?

Eddie P.
  • Real Estate Investor
  • South, FL
Posted

I am presented with an opportunity to purchase a wheelchair accessible home from a local bank for $68k. It's located in a desirable area in a mostly retirement community in sw fla. Besides the huge roll in shower and bathroom, it features lowered kitchen cabinets, higher outlets, lower wall switches, widened door entries and hallways. This would be my 23rd flip and I'm a GC, so I know the cost and timeframe it would take to convert it back to regular home,($18k). If I just do some minor rehabbing and leave it as an accessible home I would spend about $9k. ARV is about $129k for this home. The agent for the bank has not marketed this as an accessible home. Should I do the light rehabbing and market it as accessible or do the full rehab of changing kitchen, vanities, outlets , etc. I'm sure someone paid a lot of money for these modifications and I would hate to devaluate the property.

Looking for opinions.

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