Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $160,000/$170,000
• Estimated Rehab: $25,000-$35,000
• Comparable Rent: $1,400-1,500
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 1713 SE CHERRY DRIVE, ARCADIA, FL 34266 - 4/2, 2070 sqft (2/1, 1035 sqft per side) SOLD $230K MAY 2022 (1974 build, $850/month per side pre-sale, cbs, renovated)
• Comp 2: 1099 SE HARGRAVE ST, ARCADIA, FL 34266 - 4/2, 1,560 sqft (2/1, 780 sqft per side) SOLD $145k in NOVEMBER 2021 (1976 build, $600/month per side rent, dated, duplex, cbs, wall units)
• Comp 3: 341 N MILLS AVE, ARCADIA, FL 34266 - 2/2, 936 sqft (1/1, 468 sqft per side) SOLD $130k in APRIL 2021 (1958 build, renovated, frame, central hvac)
• Comp 4: 337 N MILLS AVE, ARCADIA, FL 34266 - 3/3, 2256 sqft (1/1, 752 sqft per unit) (1962 build, $660/month per unit, frame, dated)
• Rehab Description: For a flip or rental, this needs cosmetic updates to the kitchens, baths, flooring, and trim/fixtures. Central AC needs replacing in both units or optionally install new window units. Metal roof is in good shape with no leaks. Water pump and well may need some attention. Apply fresh interior/exterior paint and deep clean to boost the appeal.
• Features: Rare multifamily deal in DeSoto County! This 1975-built duplex features 1 bedroom, 1 bathroom and 629 sqft of living space per unit on a 0.31-acre lot. Property is being offered vacant at closing and needs cosmetic updates to achieve maximum market rental income. No HOA or rental restrictions! Located near Hwys 17 and 70 and only a few miles from several parks on the Peace River. The beautiful beaches of the Gulf of Mexico are only an hour's drive away! Being offered as a great rental with plenty of equity!
• Important Details: --> VACANT AT CLOSING!
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab