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Showing Lake City FL | Fire-Damaged Flip Opportunity | 3Bd 1Bth | Rehab Potential | 32055

$43,500 • 3 Beds / 1 Baths • 900 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 1
Year Built 2005
Approx.SqFt. 900

Description

Showing This Week!

Call or Text Jade (214) 646-9646

697 NW Alma Ave, Lake City, FL 32055

3 Bed | 1 Bath | 900 SqFt | Built 2005 | 0.08 Acres

Property Highlights:

Fire-damaged opportunity in Lake City with strong upside potential. Compact 3-bedroom layout offers efficient living space and flexibility for a light to moderate rehab. Lot size may support a full rebuild or prefab if damage is extensive. Property positioned near local amenities with preliminary comps suggesting strong resale potential post-rehab.

Condition Overview:

• Fire damage—extent unknown; pictures pending from seller

• Rehab estimates: Light $15k, Moderate $45k, Heavy $80k

• Potential for partial remodel or full rebuild based on damage

• Lot offers space for possible prefab replacement if needed

Majors Overview:

• Roof: Do Due Diligence

• HVAC: Do Due Diligence

• Plumbing: Do Due Diligence

• Electrical: Do Due Diligence

• Foundation: Do Due Diligence

Active Listing: