Property Description:
This 3-bed, 2-bath, 1,260 sq ft CBS home sits in the W Madison Dr pocket of Pensacola. Built in 1955 and delivered vacant at closing, the property includes a large detached 2-car garage and will need a full renovation to compete with the surrounding retail sales.
🛠️ Rehab Scope (Recommended)
- · Full interior gut and remodel
- · New flooring, interior paint, trim, and interior doors
- · Full kitchen remodel
- · Full bathroom remodels (2)
- · Roof replacement
- · HVAC replacement
- · Window updates or replacement as needed
- · Electrical and plumbing updates as needed
- · Exterior paint, landscaping, and curb appeal enhancements
- · Trashout and general cleanup
🟣 Comparable Sales
- 99 S Madison Dr – 1,199 sf | Sold $153,000 | $128/sf | 1955 build
- 533 Petros Cir Apt D – 999 sf | Sold $110,000 | $110/sf | 1985 build
- 4507 Creekmore St – 1,422 sf | Sold $180,000 | $127/sf | 1976 build
- 4505 Silver Oak St – 1,356 sf | Pending $240,000 | $177/sf | 1977 build
- 107 W Madison Dr – 1,077 sf | Pending $160,000 | 1955 build
📈 ARV Analysis
- Average renovated PPSF: ~$136/sf on the lower set / higher pending pushing above $170/sf
- Low (conservative): ~$150,000+/-
- Mid (typical retail finish): ~$165,000+/-
- High (top-tier finish): ~$185,000+/-
- Suggested ARV: ~$160,000–$180,000+/-, depending on renovation quality and use of the detached garage as a value add.