🔥Fix & Flip or Hold: Dated but Livable Niceville Property with Strong Upside🔥

3 Beds / 2 Baths • 820 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2
  • 1920
  • 820
  • 820

Description

Link to pictures: https://drive.google.com/drive/folders/16dr8NbgWSfffXfj-vGhZo7S1KrcW2gr1?usp=drive_link

📍 PROPERTY DETAILS:

Address: 226 Palmetto Ave, Niceville, FL 32578

Property Type: SFR

Size: 1,089 SqFt

Year Built: 1920

Layout: 3 Bedrooms / 2 Bathrooms

Property Condition: Livable but dated

Roof Age: 3 years old

Heating System Type: Forced Air Unit

Heating System Age: 5 years old

Foundation Type:Crawl

Foundation Condition:Good

A/C Type: Central

Parking Type:Driveway

Occupancy Status:Occupied

💰 FINANCIALS:

Asking Price:$169,950

Rehab Estimate:$40,000

After Repair Value (ARV):$300,000

Rental Rates: $2,299

Section 8: $2,064 (2024 Rates)

EMD: 5K

Closing Date: On or before 02/28/2026

Comps:

306 Florida St, Niceville, FL 32578 / $313,000 / 1,039 Sq Ft / Sold: 01/28/2025

  1. 217 Cook St, Niceville, FL 32578 / $250,000 / 1,025 Sq Ft / Sold: 01/31/2025

📍 Location Highlights

★ Destin-Fort Walton Beach Airport: 5 min

Eglin AFB: 10 min

★ Northwest Florida State College: 10 min

★ HCA Florida Twin Cities Hospital: 15 min

📞 Contact for More Information

Anthony Tubolino

Call/text: 850-608-8667

anthony@gulfcoastcashoffers.com

Courtesy of Gulf Coast Cash Offers

We strongly encourage all potential buyers to conduct their own due diligence to verify the accuracy of this information and to obtain independent professional advice where necessary. Gulf Coast Cash Offers makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information contained herein. Any reliance placed on such information is strictly at the buyer's own risk

Estimated Spread

  • ARV $300,000
  • Price $169,950
  • Spread $130,050