💎 LIGHT COSMETIC FLIP OR BRRRR | 1981 Block Home in Brooksville | ~$81K Gross Spread | Big-Ticket Mechanicals Done + Materials On-Site! 💎

THE NUMBERS

Wholesale Asking Price: $159,000

Estimated ARV: ~$230,000 (Supported by $237K-$240K neighborhood comps)

Gross Equity Spread: ~$81,000

Estimated Market Rent: ~$1,700/month

EXECUTIVE SUMMARY

Skip the heavy demo and permit delays-this is one of the cleanest, fastest-turn projects to hit the Brooksville market. Located on a quiet residential street in the desirable Hill 'n Dale neighborhood, this 1981 concrete block home on a slab sits just minutes from Cortez Blvd (SR-50), Mondon Hill Rd, I-75, and historic downtown Brooksville.

Every major system has already been updated, the interior and exterior have been freshly painted, and the property comes loaded with brand-new renovation materials already on-site (cabinets, vanity, toilets). Whether you are looking for a rapid 30-day cosmetic flip or a low-maintenance, high-yield rental in Flood Zone X with No HOA, this deal is primed for a quick finish and immediate equity.

PROPERTY OVERVIEW

Address: 27189 Simona Ave, Brooksville, FL 34601 (Hill 'n Dale)

Layout: 3 Bedrooms | 1.5 Bathrooms

Heated Living Area: 1,026 Sq. Ft.

Bonus Space: Converted carport offering an oversized workshop/utility storage room

Construction: Concrete Block on Slab (CBS)

Year Built: 1981

Lot Size: 8,000 Sq. Ft. (0.18 Acres)

Utilities: Public Water & Public Sewer (No well or septic headaches!)

Flood Zone: Zone X (No flood insurance required)

HOA / CDD: NONE

CAP-EX & MECHANICAL HIGHLIGHTS (THE HEAVY LIFTING IS DONE!)

Roof: ~8 Years Old (Seller reported; great visual condition)

HVAC: 2022 AC Condenser (Blowing ice cold)

Water Heater: 2019 Unit

Electrical: 150 AMP Panel

Windows: Updated from original 1981 windows

Paint: Recently painted inside and out

SCOPE OF WORK & ON-SITE MATERIALS

This is a textbook light turnaround with a short labor schedule-especially since you can utilize the new materials already sitting inside the property:

Materials Included On-Site: Brand-new upper & lower kitchen cabinets, 1 new bathroom vanity, and 2 new toilets.

Kitchen: Partially renovated. New upper and lower cabinets are on-site, though the current layout isn't optimal. Best play: reconfigure the layout using the existing new cabinets, then drop in countertops, a sink, and an appliance package.

Bathrooms: Full bath needs a simple budget refresh-install the on-site new vanity and toilet, plus light cosmetic detailing around the existing tub/shower. Half bath (toilet/sink) just needs the second on-site toilet installed and a quick touch-up.

Flooring: Living room, hallway, and primary bedroom floors are in good shape and only need a deep clean. Just add new flooring in the 2 secondary bedrooms.

COMPS & ARV SUPPORT

Recent renovated 3-bedroom sales right in the immediate pocket strongly support an ARV in the $230,000 - $240,000 range:

Property AddressBeds / BathsSold PriceNotes27319 Dale Ave3 Bed$240,000Direct neighborhood comp6362 Enterprise Dr3 Bed$240,000Same subdivision pocket6399 Raley Rd3 Bed$237,000Supports conservative $230K+ exit

TERMS & DISPOSITION

Financing: Cash or Hard Money Only

EMD: Non-refundable earnest money deposit required to lock up the contract

Closing: Buyer pays closing costs; clear title delivered at closing

Do not disturb the property without a confirmed appointment.