948 CANAL CIR, SEBASTIAN, FL 32958 | For Sale

Property Description: Under contract-accepting backup offers. Hard to find handyman special in the quietest, most sought after corner of Sebastian. All offers will be considered. The owner’s surprise job relocation offers you the rare chance to snatch up this hidden gem at a fire sale price. Enough hype, what’s so special about this place? Pros: 1) Lowest price per sq ft in the area. 2) Large screened in ground pool with lanai. 3) New AC in 2021. New WH in 2023. 4) Gorgeous tiling flooring throughout. 5) Huge kitchen with ample cabinet space. 6) No insurance claims filed and all renovations permitted. Cons: Needs new roof. Interior ceiling water damage in two rooms. Needs new appliances. Interior needs cleanout and moderate cosmetic rehab. No known issues with electrical, plumbing or foundation. Pool pump works, liner is fine, but power is off. Pictures are a little old. Property has been vacant for two months and current condition is needing significant TLC. Investor notes: Estimated flip ARV: 405k, with 40-60k in work needed. LTR: 2000/mo, little competition nearby. STR: 30.6k /year gross, at only 50% occupancy and 168/night avg. Vacant and very easy to show, even at the last minute. No HOA/CDD. If this is “NOT ON MY MLS,” please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.