448 Vermont Avenue
GREEN COVE SPRINGS, FLORIDA
Renovated Single-Family Residence
Project Snapshot
Property Type
Single-Family Residence
Bedrooms / Bathrooms
3 Bed / 2 Bath
Square Footage
1,283 sq ft
Year Built
2003
Year Acquired
2024
Year Completed
2024
Exit Type
Sold
Project Status
Successfully sold to owner-occupant
The Opportunity
Prior Condition
A 2003 single-family home that had been a rental property for several years. The house showed wear from tenant use, outdated finishes throughout, and some deferred maintenance on major systems. The kitchen and bathrooms needed updating to appeal to today's buyers.
Why We Acquired It
The location in Green Cove Springs offered strong fundamentals—established neighborhood, good schools nearby, and proximity to employment centers. The property was acquired in January 2024 at a basis that allowed for meaningful renovation while delivering value to the end buyer.
Value Creation Strategy
By renovating the home with modern finishes and addressing deferred maintenance, we could deliver a move-in-ready property that would appeal to owner-occupants looking for a quality home in a desirable location.
Business Plan & Execution
Renovation Scope
Interior Improvements
Complete interior renovation including new kitchen with modern appliances and cabinetry, updated both bathrooms with new fixtures and tile, new luxury vinyl plank flooring throughout, and fresh paint throughout.
Systems & Exterior Improvements
Updated electrical and plumbing systems, new HVAC system, and complete roof replacement. Exterior improvements included new siding, updated landscaping, and fresh exterior paint.
Design & Layout Strategy
The renovation focused on creating an open, modern living space while maintaining the home's original character. We selected durable, quality finishes that would stand up to daily use while providing aesthetic appeal. The kitchen layout was optimized for functionality, and the bathrooms were updated with contemporary fixtures and finishes that would appeal to today's buyers.
These principles guide our approach across all single-family renovation projects.
Construction Timeline
The renovation was completed over 6 months, with careful attention to quality and schedule control. All major systems were addressed first, followed by interior finishes. The project was completed on schedule and sold in July 2024.
Capital & Ownership Structure
This project was executed using private capital under an owner-operator model.
Structure: Owner-Operator
Outcome
Successfully sold to an owner-occupant who appreciated the quality of the renovation and the move-in-ready condition of the home. The buyer was able to close quickly and move in without needing to make any immediate improvements.
The home received multiple offers and sold quickly, demonstrating strong market demand for well-renovated properties in the area. The new owners were pleased with the quality of work and attention to detail throughout the home.
Community Impact
The renovation improved the visual character of the street and demonstrated that thoughtful renovation can transform older homes into desirable properties.
Before Renovation
After Renovation
Location Context
448 VERMONT Avenue S, Green Cove Springs, FL 32043
Livability
- •Located in an established neighborhood with mature trees and well-maintained homes.
- •Proximity to quality schools and local amenities makes this an ideal location for families.
- •Easy access to major employment centers while maintaining a quiet, residential feel.
Project Takeaways
- Acquisition:Identified strong resale demand in an under-renovated submarket with good fundamentals.
- Renovation:Executed full system upgrades to reduce buyer risk and delivered modern finishes aligned with buyer preferences.
- Outcome:Delivered a move-in-ready home that sold quickly to an owner-occupant, demonstrating the value of comprehensive renovation.
Interested in Working Together?
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