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Archived about 2 years ago

$351,000

3 bd 2 ba 2143 sqft

Plowshare, Tallahassee, FL 32309

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Every Flipper's Dream House - Minimal Work to Fix and Flip!

🚨 Attn: Savvy Investors - Hot Property in Tallahassee FL 32309 🚨

Single Family Home with ADU in Homestead Ridge, a sought-after location for homebuyers.

Bedrooms: 3
Bathrooms: 2
Sq Ft: 2143 (main house) + 900 (ADU)
ADU Potential Rent: $1000+/mo.

ARV: $510k+ (see comps below)

Asking: $351k (Send me your best offer and let's make it a win-win!)

Repair: Light-Medium (kitchen & master bath minimal upgrades)
Crawl space may contain moisture (I have $20k repair estimate from Alpha Foundations)

Nestled among big, beautiful trees on a 1.81-acre lot in Homestead Ridge, this property is undeniably unique and charming! Twenty-four nearby schools made the 2024 Best Public Schools in 32309 List. With only a 20-minute drive to downtown Tallahassee, FSU, and Florida A&M University, countless amenities await you!

You’ll LOVE the large, cozy family room for together-time. The spacious kitchen with stainless steel appliances and wood laminate flooring. The separate dining room for privacy. And an extra room to do whatever your heart desires. The entire second floor consists of the master suite with 2 reading nooks | office areas, a large master bath, and 2 walk-in closets.

There’s a separate 900 sqft additional dwelling unit (ADU) | efficiency apartment above the garage that would be a GREAT rental property opportunity!

The 3-car garage comes with an office and electric. The property also has an above ground pool, a camper hookup with water, electric, and sewage and a shed for additional storage.

This UNIQUELY CHARMING home will sell lightning fast! Cash buyers only. No JVs. No wholesalers. Feel free to share this property with any investors you think may be interested.

If you would like more information or pictures, please email me at [email protected] or call/text me at 727-755-1966.

Comps: 3101 Hawks Landing Dr Sold for $529k on 1/23/24
https://www.redfin.com/FL/Tallahassee/3101-Hawks-Landing-Dr-32309/home/139754122

2336 Bourgogne Dr 4/3/2 2624 sqft .72 acres Built 1977 Sold for $495k on 5/10/24
https://www.redfin.com/FL/Tallahassee/2336-Bourgogne-Dr-32308/home/139679156

#realestate #flippers #fixandflip #realestateinvestors #endbuyers #cashbuyersonly #firstcomefirstserved #bestandhighestoffer #singlefamilyhome

Location:

Plowshare, Tallahassee, FL 32309

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.