This 1927 sqft, 3-bed/2-bath home in Tallahassee's Munson Area Preservation neighborhood has moderate flip potential. Built in 1960, it's listed at $145K ($75/sqft), well below the area's median. The property sits on a large 0.39-acre lot, offering room for expansion. However, it's described as needing TLC, indicating renovation costs.
Consider a moderate renovation to boost value. Focus on kitchen and bathroom updates, plus general modernization. The large lot size could allow for an addition to increase square footage. Aim for a sale price around $170-180K after improvements to achieve a reasonable ROI. Be cautious of over-improving for the neighborhood.