2503 Highway 98 #C
Mexico Beach, FL 32456
$370,000
2396 sqft | 3 beds | 3.5 baths | 0.03 acres | #760632
Sold
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.
Interior Details
Beds & Baths
- Bedrooms:3
- Bathrooms:3.5
- Full Baths:3
- Half Baths:1
Property Details
Property
- View:Gulf
- Stories:4
- Lot description:Landscaped
- Exterior materials:Balcony
Measurements
- Acres:0.03
- Square Feet:2396
Construction Details
Type & Style
- Property type:Purchase
- Style:Fourplex
Condition
- Year built:2003
Material information
- Foundation:Pillar Post Pier
Utilities / Energy Details
Utility
- Utility features:Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community and Neighborhood Details
Community
- Subdivision:Mexico Beach Unit 1
Location
- Elementary School:Port St. Joe
- Middle School:Port St. Joe
- High School:Port St. Joe
- County:Bay
Financial Details
Pricing Details
- Days on Market (Cumulative):29
- Taxes annual:$5, 059
Other
Source
- MLS #:760632
Location
Legal
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Last Updated: . Source: CPAR
Listing Courtesy
Listing Agent: Matt W Wright
Listing Office: Think Real Estate
Listing Courtesy (Buyer)
Buyer's Agent: Non Member
Central Bay Realty and Property ManagementReal Estate Group
