5646 S 2nd St
This investment property is positioned to be a rewarding fix & flip opportunity with ample off-street garage parking that is rare for houses in this price range. There is a detached two car garage that also includes a sizable workshop room in the back portion of the garage. There is also a detached single car garage that has a studio room above it.
The house is a two bedroom, one-and-a-half-bathroom single family house with a large kitchen. The cabinets are in great condition. There is a second floor to the house, though the height of the ceilings make it best for storage or a children’s play area. Potentially even a child’s bedroom. The exterior of the house needs power-washed but would not need painted. Gutters likely need replaced in the back. For a flip; new flooring, new interior paint, new fixtures, sheetrock patching in the stairway and upstairs, new garage doors, and a general power-washing of all exteriors and of the garages would be recommended.
This house had a failed gutter draining system in the back that led to water flowing back towards the property, and a collapse of the foundation wall in that area in 2024. We have a foundation repair bid from a reputable St. Joe company for $10,800.
Rehab estimates range from $28,500-36,000 (plus the $10,800), pending the level of finishes, and pending any additional sub-floor or plumbing repairs that may be needed once the foundation is repaired.
ARV: $150,000
Asking Price: $68,500
Estimated Rehab: $39,500-47,000
Estimated Rent: $1100/mo
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.