137 Adams Way, Defuniak Springs, FL 32435
-
Single Family House -
3 -
2 -
2003 -
2289 -
87991 -
No Garage
Description
137 Adams Way, DeFuniak Springs, FL
Value-add opportunity in a rapidly growing DeFuniak Springs market with multiple exit strategies.
This 3 bed / 2 bath single-family home sits on a large lot and was partially renovated by a previous investor who is now out of state and unable to complete the project. The property needs a new buyer to step in and finish strong.
ARV: ~$350,000
I have attached the lenders valuation from the original buyers purchase. They valued the property at $400k. Local Realtor valued the home at $375k. I have given it a conservative value of $350k.
COE - On or before 13 February 2026
Remaining Scope of Work Includes:
- New roof
- New A/C
- Exterior paint
- Possible septic repair or replacement (condition unknown)
- Interior cosmetic completion
Why DeFuniak Springs?
- The city is actively expanding its airport, bringing in new jobs and economic growth
- Amazon is building a warehouse approximately 10 miles west of the property
- A new Starbucks was recently built about 5 miles away, signaling continued retail expansion
- Strong demand from both homeowners and renters as the area grows
Exit Strategies:
- Fix & Flip with solid upside
- Buy & Hold (rental potential if renovation costs are managed)
- Owner-occupant looking to customize and build equity
This is a great property to purchase and live in or flip, with flexibility depending on your investment strategy.
📌 Cash or hard money preferred but will be eligible for a conventional renovation loan (I know a lender who will do it)
📌 Buyer to verify all information. These numbers and information here are an opinion.
Estimated Spread
- ARV $349,900
- Price $185,000
- Spread $164,900
