Additional Details

• Important Details: --> Vacant at close --> HOA $225 mo (Covers roof/common areas/no rental restrictions)
• Features: Condo UNDER $130,000 in Homestead!!! This 3-bedroom, 2-bath condo has 959 square feet and was built in 1989. It will be vacant at close, making it ready for a new tenant right away. The HOA is just $225 a month and covers the roof and common areas, with no rental restrictions. Rentals in this area bring in around $2,100–$2,300 per month, and affordable housing is allowed, giving you a strong tenant pool. A solid rental hold with good cash flow potential at a low entry cost.
• Potential ARV: $180,000-$195,000
• Rehab Description: For a rental, this condo only needs a deep clean and fresh interior paint to be move-in ready, making it a quick and easy cash-flow hold. To maximize resale value, investors can take on a light cosmetic rehab by updating the flooring, kitchen, bathroom, and fixtures, along with a full interior repaint. Since the HOA covers the exterior, the focus remains entirely on interior improvements, keeping the renovation straightforward and cost-effective.
• Comparable Rent: $2100-$2300/MO
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comp 1: 14114 SW 263rd Ln #2, Homestead, FL 33032 3/2 959 SQFT 1987 Build SOLD @ $168,000 08/12/25 (Same unit/in similar condition/sold to an investor tenant occupied)
• Comp 2: 26366 SW 141st Pl #10, Homestead, FL 33032 3/2 959 SQFT 1987 Build SOLD @ 167,000 08/21/24 (Same unit/in similar condition/sold to an investor)
• Comp 3: 26243 SW 141st Pl #47, Homestead, FL 33032 3/2 959 SQFT 1988 Build SOLD @ $200,000 05/09/24 (Some updates)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money