2503 Highway 98 , C

Description

This remarkable property, located just a short stroll away from beautiful beaches, presents a unique opportunity for the discerning buyer. Previously affected by Hurricane Michael, this home is now ready to be restored to its former glory.Key Features:Reconstruction Ready: All necessary demolition work has been completed, offering a blank canvas for your vision. Electrical systems, windows, ductwork, and much of the plumbing are already in place.Versatile Potential: Whether you aim to create a dream home or a lucrative investment property, this space is primed for transformation. Neighboring units are operating as short-term rentals, generating impressive annual revenues of approximately $65k.Substantial Equity: With an After Repair Value (ARV) of $850k to $900k and a local licensed contractor's estimated rehab cost of $250k, the next owner stands to gain significant equity once renovations are complete.Official Estimate: Detailed rehabilitation quotes are available in the listing documents, providing transparency and aiding in your renovation planning.