Additional Details

• Important Details: --> Vacant at close! --> Not in a Flood zone!
• Features: Dual-threat opportunity in Cape Coral for UNDER $140,000?! This 3-bedrooom, 2-bathroom features 1186 of living space, a carport, and sits on a large fenced in lot. Being offered VACANT AT CLOSE, with instant equity and plenty of upside as a flip. Prime central location in Cape Coral. Near shopping centers, restaurants, and Pine Island Rd. Competing with dated actives, new finishes and a modern paint job will help this superior home move quickly. Don't miss out on this opportunity where the homes under $300,000 are moving quickly!
• Potential ARV: $270,000-$280,000
• Rehab Description: For a flip or rental, this property will require a full rehab. On the outside, replace the roof. The AC unit was replaced in 2016, is in working order, but may need to be serviced or replaced due to age. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
• Estimated Rehab: $65,000-$75,000
• Comparable Rent: $2000-$2150/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 40 NE 10th Ave, Cape Coral, FL 33909 3/2 1150 SQFT 1983 Build SOLD @ $269,000 07/29/24 (8 days on the market) (Dated/has a one car garage)
• Comp 2: 1303 NE 1st Ter, Cape Coral, FL 33909 3/2 1293 SQFT 1981 Build SOLD @ $300,000 07/16/24 (Clean/some updates/two car garage)
• Comp 3: 1524 NE 4th Ln, Cape Coral, FL 33909 3/2 1186 SQFT 1970 Build SOLD @ $270,000 (Same curb appeal/updated)
• Comp 4: 514 NE 15th Pl, Cape Coral, FL 33909 3/2 1178 SQFT 1970 Build SOLD @ $245,000 03/15/24 (Completely dated)
• Comp 5: 406 NE 14th Ave, Cape Coral, FL 33909 3/2 1282 SQFT 1971 Build SOLD @ $290,000 02/13/24 (Similar curb appeal/dated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab