74 Lorenz Dr, Defuniak Springs, FL 32435 Sold

  • $51,500
  • 3 beds
  • 2 baths
  • 1,574 sqft

Located south of I-10 and just minutes from the heart of Defuniak Springs, this lovely
home is situated on nearly 1.5 beautiful acres. Has had some updates and just needs a
little more work to be ready to rent or flip! Necessary repairs are mostly cosmetic and
some of the materials for upgrades are already in the home and just need to be installed,
including the flooring. The home has all the conveniences of living close to the city, yet
enjoys the peace and quiet of the country – and it’s an easy commute to the military
bases! At less than 45% ARV, this will be an excellent fix-and-flip opportunity. Or, if you’re
looking for a buy-and-hold, the market rents are $750-850 per month. This one won’t last
long!

 

Fix & Flip:
BUY PRICE: $59,000
Estimated Repairs: $25,000
After-Repair Value: $133,790

Potential Profit = $49,790

Rental:
Market Rents: $750-850/month

 

WE ARE SELLING OUR ASSIGNABLE PURCHASE AGREEMENT FOR $59,000 OBO !!!

Cash or Hard Money Purchase – No Seller Financing.
Contact Christina at 850-542-0175 for more info or to schedule a showing!

 

Submit an Offer

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Price:
$51,500
Address:
74 Lorenz Dr
Defuniak Springs, FL 32435
Square Feet:
1,574
Lot Size:
1.42 ACRES
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1974

Call 850-203-2641 for more details

Property Location

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