Investment Property
$55,000
- 1 bath
- 1,160 sqft
- Built 1913
- Escambia County
Looking for an affordable investment property with both flip and rental potential? Take a look at 230 Wood St in Century, Florida. Offered at only $55,000, this single-family home sits on an impressive 0.91-acre lot and offers plenty of opportunity for an investor looking to renovate, rent, or resell. PROPERTY SPECS 1,118 Sq. Ft. Living Area 1 Full Bathroom Approximately 0.91 Acres / 39,640 Sq. Ft. Lot Single-Family Residence One Story Built in 1913 Metal Roof Central A/C & Heat Vinyl Exterior Escambia County Asking Price: ONLY $55,000 ARV / AFTER-REPAIR VALUE Recent sales demonstrate the potential for renovated homes in the Century market: 341 E Highway 4, Century – 3 BD / 2 BA / 1,232 Sq. Ft. – Sold for $159,000 9401 Old Flomaton Rd, Century – 3 BD / 1 BA / 960 Sq. Ft. – Sold for $140,000 Based on nearby sales and assuming the property is renovated to a competitive condition, we estimate a potential ARV of approximately $125,000–$160,000. At a purchase price of only $55,000, that leaves significant room between acquisition price and potential renovated value. Final ARV will depend on renovation scope, bedroom configuration, finishes, and market conditions at resale. RENTAL POTENTIAL This property also has potential as a buy-and-hold rental. A renovated 3-bedroom/1-bath home at 1791 W Highway 4 in Century with 1,260 Sq. Ft. is currently being offered at approximately $1,500/month. Depending on the final condition and confirmed bedroom count of 230 Wood St, we would estimate potential market rent in the neighborhood of approximately $1,200–$1,500 per month after renovation. At a $55,000 acquisition price, even $1,200/month represents $14,400 in potential gross annual rent, while $1,500/month represents $18,000 in potential gross annual rent before vacancy, taxes, insurance, repairs, management, utilities, and renovation costs. WHY INVESTORS SHOULD TAKE A LOOK At just $55,000, this property offers multiple exit strategies. Renovate and resell, renovate and hold as a rental, or take advantage of the nearly one-acre lot and long-term value potential. ASKING PRICE: $55,000 ESTIMATED ARV: $125,000–$160,000 ESTIMATED RENTAL POTENTIAL: $1,200–$1,500/MONTH
