Foreclosed Doublewide Demolition - Lot Subdivision

PENSACOLA, FLORIDA 

$99,421

Acquisition Cost

$45,000

Value Add (estimated)

$240,000

After Repair Value (estimated)

65%

Return (estimated)

THE DEAL

Foreclosed doublewide mobile home on 1.5 acres purchased via online foreclosure auction. Property is in a growing suburb of Pensacola and zoned LDR (low density residential). Current zoning prohibits mobile homes unless they were placed on the property prior to the zoning.

Escambia County real estate auctions are cash only purchases. Three days after auction, the winning bidder receives a certificate of sale. Within 10 days after, the buyer receives the title from the Clerk of the County Court.

Once the property was owned by Bendokas Investments LLC, it was determined that the trailer was not useable. 

The 1.5 acre lot will be subdivided into 4 buildable lots

THE NUMBERS

2 years back taxes $3500

Wetlands Study $750

Boundary Survey and Topo Engineering $1450

Demolition $7500

Tap Fees $6500

Consulting Fees $2200

BEFORE

AFTER (Coming Soon)

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