Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $120,000-$130,000
• Estimated Rehab: $10,000-$25,000
• Comparable Rent: $1,300-$1,400
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 1560 Colonial Blvd APT 134, Fort Myers, FL 33907- 1/1 708 sqft SOLD $110,000 on 02/15/23 (no updates) sold in 2020 for 71k and resold with no updates for $110,000 in 2023 on 02/15/2023
• Comp 2: 1560 Colonial Blvd APT 121, Fort Myers, FL 33907- 2/1 874 sqft Sold $134,0000 on 06/16/2023 clean with basic finishes larger and 2nd room
• Comp 3: 5235 Ramsey Way #C6, Fort Myers, FL 33907 - 1/1 613 sqft SOLD $155,000 on 03/29/2023, different condo complex just south of subject
• Comp 4: 5327 Summerlin Rd #2710, Fort Myers, FL 33919 - 1/1 577 sqft PENDING $155,000 on 06/12/2023 remodeled, different complex similar low rise condos just south of subject.
• Rehab Description: For a flip or rental this needs a minor cosmetics. It will need paint, fixtures, and a deep clean. Central AC Unit is in good working order. New Roof put on post Ian. Balconies are currently under repair as well as soffits (assessment paid by seller!). Replace tub with walk-in shower to boost this units appeal!
• Features: ATTRACTIVE PRICE POINT condo in Fort Myers!!! This one bed one bath unit is one of twelve in this complex and is CBS. It features 708 sq ft with an open parking lot & is centrally located close to everything! With minimal work this unit works as a great cash flowing rental or quick flip. With multiple exit strategies, and being offered at a great price with upside you do not miss this opportunity!
• Important Details: --> Buyer agrees to assume current tenant renting $750/mo on a month to month basis. --> HOA fee is $383/mo and covers exterior maintenance, trash, pool, and laundry. --> Current special assessments have been paid
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab