Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $480,000-$520,000
• Estimated Rehab: $70,000-$90,000
• Comparable Rent: $2,800-$3,000
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 13868 RIVER FOREST DR, FORT MYERS, FL 33905 - 2/2 1,211 sqft SOLD $645k SEPTEMBER 2022 (1965 build, clean/updated, no pool, directly on the water, 2 car garage, and .40 acre lot)
• Comp 2: 2043 BARBADOS AVE, FORT MYERS, FL 33905 - 3/2 1,600 sqft SOLD $530k NOVEMBER 2022 (1975 build, outdated/clean, no pool, directly on the water, 2 car garage, and .34 acre lot)
• Comp 3: 14938 RANDOLPH DR, FORT MYERS, FL 33905 - 3/2 1,673 sqft SOLD $450k in JANUARY 2022 (1987 build, updated, no pool, directly on the water, 2 car garage, and .22 acre lot)
• Comp 4: 13826 RIVER FOREST DR, FORT MYERS, FL33905 - 2/2 1,348 sqft SOLD $550k in MARCH 2022 (1964 build, no pool, directly on the water, 2 car garage, and .36 acre lot)
• Rehab Description: For a flip or rental this needs a full renovation to the kitchen, bathrooms, appliances, some of the flooring, and fixtures. Water intrusion occurred in the interior of the home about 3 feet high and most of the sheet rock has been taken out already up to 4 feet high and some mold remediation is still needed. Roof has permitted work done in 2017. Central air is currently operational, but may need to be serviced. Boat lift is in need of repair. Complete the rehab, deep clean, apply fresh paint, and do some landscape to boost the curb appeal!
• Features: Waterfront, RARE deal in Fort Myers!!! This two bedroom, two bathroom home features 1,313 living sqft, has an attached two car garage, screened in lanai, is directly on the canal with a boat lift, and sits on a .25 acre lot at the end of a cul-de-sac . Being offered vacant at close with huge upside profit potential as a flip in this prime location, located directly on the canal leading out the Gulf from the Caloosahatchee River! This is a great deal!
• Important Details: --> VACANT AT CLOSING! --> Tax Assessed at $296,996 in 2022
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab