The property at 731 Spruce St, Paris, TN has a decent size of 1,460 sqft and is located in an area with a growing market. Comp data shows that similar properties are selling for around $234K to $316K, indicating potential for appreciation. However, with only one bathroom and an older build from 1940, it may require significant updates to attract buyers, which could impact profit margins.
To maximize flip potential, consider making strategic renovations that enhance value, like updating the kitchen and bathroom. Adding a second bathroom could significantly improve marketability. If you're not ready for a full renovation, small cosmetic updates may still yield a decent return. Given the current estimates, a well-planned flip could lead to substantial profits.