1116, Country Club Boulevard, Cape Coral, Lee County, Florida, 33990, United States of America
SOLD! $169,990 - Duplex
- Ideal Investment Strategy: Rental/Resale
- Potential ARV: $275,000-$285,000
- Estimated Rehab: $30,000-$40,000
- Comparable Rent: $2600
- Construction: CBS
- Occupancy: Call your Agent
- Comp 1: 1122 Country Club BLVDA-B , Cape Coral, FL 33990- DUPLEX 2/2 each unit 4/4 total /1636 sq ft SOLD $240k CASH AUG 2020 (outdated 2 doors down, no garages, rented for $995/unit)
- Comp 2: 1002/1004 SE 9th CT, Cape Coral, FL 33990- 6/4/2410 sq ft SOLD $295k DEC 2019 (2003 build with 1 car garage each, rented for $1200/unit)
- Comp 3: 1026/1028 SE 11th ST, Cape Coral, FL 33990- 4/4/2700 sq ft DUPLEX SOLD $290k NOV 2020 (Rented for $1290 & $1340 a unit, 2/2 units with 1 car garages)
- Rehab Description: To maximize rents and retail value, the roof needs to be replaced. Unit 1116 needs a full cosmetic update in the kitchen, bathrooms and flooring with fresh interior paint and fixtures. Unit 1114 is in rental condition, updating kitchen cabinets, bathroom and fixtures are optional to maximize rents. Exterior pressure wash and fresh coat of paint will boost curb appeal.
- Features: A cash cow multi-family property located in Southeast Cape coral. This property features 2 spacious units of 2 bed 2 baths each with a private 1 car garage, rear enclosed patios and driveways. With Duplexes selling close to $300k in this area, this property has enough equity for a great buy and hold with many refinance options and a flip profit!
- Important Details: Buyer must assume current tenants. Unit 1114 Month to month. Unit 1116 lease ends Jan 31, 2021. Estoppel letters or leases will be provided.
- Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab