Magnolia Place - 4478 NW 49 STREET, Gainesville, FL 32606, sold on 2020-10-22

Closed onOctober 22, 2020
List Price$129,900
Selling Price$118,200
Beds2
Baths2.1
Square Feet1,275
Acre(s)
SubdivisionMagnolia Place

Opportunity! Recent closed comps range from 146k up to 169,900. This can be a value buy for an investor that wants to renovate the property and gain some equity. An owner occupant also can find opportunity by being able to fix this value priced unit up cosmetically to their own tastes. By investing 9 to 15k in cosmetics, the realistic ARV would likely land between 145 and 160k. Also of note for owner occupants, Barbara Woodham with Renasant Bank offers a portfolio loan for owner occupants that ranges between 0 & 15% down. (Typically 5% down is available.). 5+ Units.