Additional Details

• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Features: LEE COUNTY CBS DUPLEX, Yes Please! This 4/4, boasts over 1,100 sqft of living area per unit. Situated in western Lehigh, in a neighborhood of multifamilies, these units will be in high demand on the rental market. The area has a healthy resale market as well, with similar duplexes going pending on the MLS in under a week! This gem will be delivered vacant at closing and won’t last long! Don’t miss out!
• Potential ARV: $460,000-$470,000
• Comparable Rent: $3,800/month
• Rehab Description: In order to be Rental ready with this Duplex, start by replacing the roof and cleaning both AC units. Then move inside and repair the flooring in a few areas. The kitchen cabinets look to be in good condition, but update the countertops to quartz. Replace 2 broken windows next, and start making updates in the bathrooms. One bathroom seems to need some plumbing work on the toilet, or possibly a new toilet entirely. Next, update the Lanai on one side by returning it to the original condition, without that additional room. Remove the wooden deck in the back, and add some landscaping for bonus curb appeal. Pressure wash the house, and drive way, and finish everything off inside and out with a fresh coat of paint.
• Estimated Rehab: $50,000-$60,000
• Comp 1: 4413-4415 27th St SW, Lehigh Acres, FL 33973. 6/4 2,050 sqft. SOLD 6/7/23 @ $435,000 (Sold fully leased, Smaller, Needs roof and updates)
• Comp 2: 4409-4411 22nd St SW, Lehigh Acres, FL 33973. 6/4 2,344 sqft. SOLD 8/7/23 @ $440,000 (Sold fully Leased, Larger with Garages, Needs Updates)
• Comp 3: 4437 24th St SW, Lehigh Acres, FL 33973. 4/4 2,050 sqft. SOLD 6/23/23 @ $449,000 (Smaller, one side leased, needs AC units and updates)
• Comp 4: 4608 Leonard Blvd S #4610, Lehigh Acres, FL 33973. 6/4 2428 sqft. SOLD 5/3/23 @ $495,000 (Larger with Garages)
• Comp 5: 4524/4526 26th St SW, Lehigh Acres, FL 33973. 6/4 2,400 sqft. SOLD 9/12/23 @ $499,000 (Pending in 6 days, Larger with Garages)
• Rental Comp 1: 2408 Haviland Ave S, Lehigh Acres, FL 33973. 2/2 1,134 sqft. LEASED 8/1/23 @ $1,725/month (Same size, very dated)
• Rental Comp 2: 4546 20th St SW, Lehigh Acres, FL 33973. 3/2 1,153 sqft. LEASED 8/31/23 @ $2,000 (Dated, with Garage)
• Important Details: --> VACANT AT CLOSE!