16350 SW Indiana Ave Cedar Key 32625

16350 SW Indiana Ave, Cedar Key, FL 32625 – Asking $155,000

Calling all investors and rehabbers! Here’s a unique chance to acquire a 3-bedroom, 2-bathroom CBS single-family home in the charming coastal town of Cedar Key. Priced at $155,000, this property at 16350 SW Indiana Ave offers significant profit potential after interior rehabilitation.

The Story: This home underwent a full renovation in the summer of 2024 but unfortunately sustained flooding damage. The good news? Many significant upgrades are already in place, offering a head start on your project!

Key Investment Highlights:

• Low Entry Price: Priced for a quick sale, reflecting the need for interior work.
• Recent Major Renovations (Pre-Flood): Benefit from a fully renovated interior completed in the summer of 2024.
• Solid Foundation & Structure: A durable CBS (Concrete Block Structure) home built in 1979.
• Good Roof: The roof is reported to be in good condition.
• New Raised A/C: A significant upgrade, the A/C unit is newly installed and elevated.
• Elevated Slab: The home features an elevated slab, a crucial benefit in a coastal environment.
• New Electrical Panel: A major system upgrade already completed.
• New Flooring: Substantial cost savings with new flooring already installed throughout.
• New Fireplace: A desirable feature already in place.
• Large Lot: Situated on a spacious 17,860 sq ft lot, offering ample outdoor space and potential.
• Cedar Key Location: Capitalize on the growing appeal of Cedar Key, a unique and picturesque Old Florida town known for its natural beauty and laid-back lifestyle.

The Opportunity:

This property requires interior rehabilitation due to flooding. This presents a fantastic opportunity to:

• Customize the interior to your exact specifications.
• Potentially reconfigure the layout to maximize value.
• Flip for a substantial profit in a desirable market.
• Hold as a rental property in a sought-after coastal community.

This is a prime opportunity for a savvy investor or contractor to acquire a property with significant upside in a unique Florida location. Don’t miss out on this chance to create a stunning home and realize a substantial return!

Property is being sold AS-IS. Buyer is responsible for all inspections and due diligence.