Additional Details

• Features: One of a kind opportunity in sought out after historic SAILBOAT BEND! This corner lot three bedroom, three bathroom features 1,587 living sqft, an additional Florida room, high-end finishes with updates throughout, hurricane impact windows/doors, and a fenced-in yard. Being offered with instant equity and has excellent upside potential as a Short Term Rental in an area where its walking distance to Las Olas, Riverwalk, downtown, local restaurants, dog park, theaters, and the arts. Act quickly on this stellar deal that you cant pass on!
• Rehab Description: This property is turnkey. It was recently fully remodeled with high-end finishes. The roof and ac are 10 years old and appear to be in great condition.
• Important Details: --> VACANT AT CLOSING! --> NO HOA/STR RESTRICTIONS!
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $675,000-$700,000
• Estimated Rehab: $2,500-$7,500
• Comparable Rent: $6000/mo
• Construction: Frame
• Comp 1: 1222 W Las Olas Blvd, Fort Lauderdale, FL 33312 3/2 1909 SQFT 1952 Build SOLD @ $825,000 01/04/23 (4 Days on the market) (Bigger with one less bathroom/fully updated)
• Comp 2: 723 W Las Olas Blvd, Fort Lauderdale, FL 33312 2/2 1200 SQFT 1926 BUILD SOLD @ $690,000 09/23/2022 (Inferior property/Smaller with some updates)
• Comp 3: 304 Seminole Ave, Fort Lauderdale, FL 33312 3/3 2050 SQFT 1928 BUILD SOLD @ $851,600 08/01/2022 (13 days on the market and $26,000 above asking price) (1500 SQFT on taxroll/fully updated property)
• Comp 4: 230 SW 12th Ave, Fort Lauderdale, FL 33312 2/1 1008 SQFT PENDING @ $595,000 (Smaller with 2 less bathrooms/updated)
• Occupancy: VACANT AT CLOSE!
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab