This property presents a promising opportunity for flipping, given its low purchase price of $39,900 and potential for significant value addition. The house, built in 1952, is described as a 'total fixer' on a 0.18-acre lot, indicating substantial room for renovation or even rebuilding. Its location in Tallahassee's Westcott Terrace neighborhood and proximity to amenities could be advantageous for resale.
Consider purchasing this property for a flip, but carefully evaluate renovation costs. The option to rehab or rebuild should be weighed against potential returns. Given the low purchase price and the comp data showing median sold prices of $144,000-$290,000 in the area, there's significant potential for profit. However, factor in the quoted $5k-$6k tear-down cost if rebuilding is the chosen route.