120 SW 29th Ter, Fort Lauderdale, FL 33312
SOLD! $249,990 - Single Family
Additional Details
- Features: RARE CBS FORT LAUDERDALE PROPERTY UNDER $240,000?! This 3 bedroom,1 bathroom boasts 1,155 SQFT and is situated in Melrose Manors with limited availability! There is NO HOA OR RENTEAL RESTRICTIONS in the prime south Florida location. Located South of Broward Blvd. & West of I95.
- Potential ARV: $375,000-$395,000
- Ideal Investment Strategy: Rental/Resale
- Rehab Description: For a flip, this property will require a full renovation. On the outside, replace the roof, add central A/C, apply fresh paint, and apply landscaping to boost curb appeal. On the interior, repaint throughout, replace the floors, remodel the kitchen, remodel the bathroom, and a deep cleaning.
- Estimated Rehab: $40,000-$50,000
- Important Details: --> NO HOA -->The property is being offered with a lease in place till 08/31/23 @ $1500/MO
- Construction: CBS
- Comparable Rent: $3,200-$3,500
- Comp 1: 272 NW 31st Ave, Fort Lauderdale, FL 33311 3/2 1,031 SQFT 1955 Build SOLD MAY 2023@ $409,000 (slightly smaller, fully updated with an extra bathroom)
- Comp 2: 540 E Campus Cir, Fort Lauderdale, FL 33312 3/1 1,285 SQFT 1953 Build SOLD MAY 2023@ $385,000 (Minor cosmetic updates)
- Comp 3: 2873 SW 4TH CT FORT LAUDERDALE, FL 33312 3/2 1332 SQFT 1961 Build Pending @ $419,995 (7 days on the market (2/1 on tax roll, slightly bigger and updated)
- Occupancy: Call your Agent