Additional Details

• Features: OCEANFRONT deal in Fort Myers! This 2/2 condo features 1,167 sqft on the historic Punta Rassa peninsula with incredible views! This fantatstic communtiy includes a free membership to the Sanibel Harbour Yacht Club, high speed internet, TV, fishing Piers, grills, tennis, pool, gazebos, and much more. A full time staff maintains all the ammenities year round. When the community is back up and renovated, the investor will benefit from either ample equity or laid back rental restrictions. Don't miss out on this terrific opportunity!
• Construction: CBS
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $540,000-$550,000
• Rehab Description: For a flip or rental this unit needs a full cosmetic rehab. The water and power are currently shut off, but should be back on soon so that renovations can begin. Start by updating the flooring throughout. Then finish off all the drywall repairs. Move onto the kitchens and bathrooms after that. The Central AC is about 2 years old and in good working order, and the water heater looks to good to go as well. Finish off the unit with a fresh coat of paint, and get ready to take some fantastic sunset listing pictures from the lanai.
• Estimated Rehab: $30,000-$40,000
• Comp 1: 15011 Punta Rassa Rd Apt 803. Fort Myers, FL 33908 2/2 1,167 sqft SOLD 7/21/23 @ $385,000 (Full 2020 Reno, sold on pictures from prior to the hurricane, Building 3)
• Comp 2: 5031 Punta Rassa Rd Apt 504. Fort Myers, FL 33908 2/2 1,167 sqft SOLD 6/30/23 @ $410,000 (Some updates, Same Building)
• Comp 3: 15031 Punta Rassa Rd Apt 505. Fort Myers, FL 33908 2/2 1,167 sqft Pending 8/9/23 @ $375,000 (Some updates, Same Building)
• Pre-Ian Comp: 15031 Punta Rassa Rd Apt 105. Fort Myers, FL 33908 2/2 1,167 sqft SOLD 3/22/22 @ $510,000 (Dated, Same Building)
• Pre-Ian Comp: 15011 Punta Rassa Rd Apt 306. Fort Myers, FL 33908 2/2 1,167 sqft SOLD 5/31/22 @ $575,000 (Dated, Building 3)