Manatee County, Palmetto, FL 34221
3 bd2 ba1,758 sfBuilt 1975
Gross spread$130,000
Description
Attention rehabbers — this is the kind of project you want to get your hands on. This 3-bedroom, 2-bath solid block home in Palmetto has great bones, a newer roof installed in 2020, and plenty of room to force appreciation with the right renovation. The property needs updating throughout, but the heavy lifting is straightforward. Bring the interior up to today’s standards, improve the finishes, and unlock the full potential. PROPERTY HIGHLIGHTS 3 Bedrooms / 2 Bathrooms Solid Block Construction Roof Replaced in 2020 Estimated Rehab: $45,000 ARV: $300,000 Purchase Price: $170,000 Estimated All-In Basis Before Closing/Holding Costs: $215,000 Approximate Gross Spread to ARV: $85,000 This is a strong opportunity for a fix-and-flip investor looking for a clean value-add project or a landlord wanting to renovate and hold. NEWER ROOF. SOLID BONES. BLOCK CONSTRUCTION. MULTIPLE EXIT STRATEGIES. Get in, renovate, and capitalize on the upside.
$/sqft vs market
Median of 14 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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