HOT DEAL IN PANAMA CITY FL FOR 14 DAYS ONLY -50K+ PROFIT TO BUYER

229 Hugh Thomas Dr, Panama City, FL 32404

$330,000 After Repair Value -
$160,000 Asking Price -
$55,000 Cost of Repairs =
$115,000 Potential Profit

Property Details

Asking Price $160,000

After Repair Value $330,000

Costs of Repairs $55,000

Potential Profit $115,000

Living Area 2284 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

ARV:                              $335,000ASKING PRICE:            $207,000CLOSING:                     14 DAYSINSPECTION:                3 DAYSEMD:                              $5000Single-family residence3 BD,     2 BA,   2,284 SQFTBuilt-in 19842 Attached garage spaces0.35 AcresThe original home was a 3 bedroom 2 bath house with 1684 Sq Ft and inground pool.  An additional heated and cooled  15 x 40 Florida room was added and eventually divided into a 15xl5 office with the Florida room reduced to approx 2515 and new sq ft of 2284. A new roof and rafters were installed Jan 2019. Soffit and fashia were repaired soon after that. No other repairs have been done.  Dehumidifiers have continuously been utilized to reduce further damage. Rare opportunity to purchase a \'\'\'Hurricane\'\'  damaged home that is located in an upscale neighborhood with underground utilities and sidewalks.

Repairs Needed

\'\'\'Hurricane\'\' damaged

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