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$200,000

This fire-damaged property offers a redevelopment opportunity on a desirable double corner lot. The home will require repairs and renovation, and the asking price has been established with the existing improvements, lot value, and condition of the property in mind. Low Ball Offers will be rejected. You must look at the value of what is still there to appreciate the price. The block walls appear to remain intact; however, the roof sheathing, trusses, and other structural components have not been fully inspected and should be independently evaluated by the buyer. The home features large 32" x 32" tile flooring throughout that may be salvageable with proper cleaning and restoration. Impact windows and garage doors will require replacement, along with additional repairs throughout the property. A recent engineering investigation reportedly estimated repairs at approximately $200,000; however, the report is not available for distribution. Estimated after-repair value is $500,000+, offering potential for an experienced investor, contractor, or buyer looking for a substantial renovation project. Property is being sold in its current condition. This is your opportunity!

3 Beds ⋅ 3 Baths ⋅ Tropical Gulf Acres SubDv. ⋅ 33955 Zip Code

28005 Pasadena Drive, Punta Gorda