JUST REDUCED! Ormond Beach with Equity – GALLATEN RD, ORMOND BEACH, 32174 Sold

  • $124,500
  • 3 beds
  • 2 baths
  • 1,148 sqft

Here’s a solid block home in beautiful Ormond Beach to add to your portfolio. This well kept home boasts 3 bedrooms and 2 bathrooms but county record currently shows it as a 2 bedroom. The A/C unit was replaced back in 2014 with permits and the ducts were ran into the garage in the event you wanted to convert the space into a 4th bedroom. The kitchen will need some updating along with the bathrooms and flooring. The windows were replaced in the last few years and the roof appears to be in good shape. With similar homes in the area selling around the $180k mark, this gives the investor multiple exit strategies. Keep as a rental or complete a light rehab and put it back on the market. Either way this is a great opportunity you don’t want to miss.

  • After Repair Value:  $185,000
  • Investor Price:  $129,900
  • Closing Costs to Buy:  $3,000
  • Rehab Projection:  $16,000
  • Utilities:  $250
  • Closing Costs to Sell:  $7,475

Comps:

1299 SCOTTSDALE DRIVE , Ormond Beach, FL 32174
  • $177,000
  • 2 bed / 2 bath 1,180 sq ft
  • Sold 07/19/19
  • Notes – out dated and only a 2/2
207 FOREST HILLS BOULEVARD , Ormond Beach, FL 32174
  • $177,000
  • 3 bed / 2 bath 1,372 sq ft
  • Sold 04/12/19
  • Notes – out dated
Price:
$124,500
Address:
Gallaten Road
Ormond Beach, Florida 32174
Square Feet:
1,148
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1959
Const. Type:
Block

Call 321-766-9338 for more details

Property Location