Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $2,100,000/$2,200,000
• Estimated Rehab: $5,000/$80,000
• Comparable Rent: $20,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 3508 Sunrise Dr (3/2.5, 2094 sq ft) -- SOLD 1/22 @ $2,400,000 (Updated, had a pool, 300 sq ft smaller)
• Comp 2: 3034 Riviera Dr (3/3, 2100 sq ft) -- SOLD 11/21 @ $2,100,000 (Clean) Sold 8 months ago!
• Comp 3: 3620 Sunrise Dr (3/2, 1735 sq ft) -- SOLD 6/21 @ $2,000,000 (Clean, 700 sq ft smaller) SOLD 11 months ago
• Comp 4: 2904 Riviera Dr (4/1, 1329 sq ft) -- SOLD 1/22 @ $1,650,000 (Updated, 1100 sq ft smaller) SOLD TO A CASH BUYER!
• Rehab Description: AS-IS, this property is a solid rental or flip, but has all the hallmarks of an incredible AirBNB Opportunity in its current condition. The investor who buys this property may choose to either deep clean the residence and get it ready for rental/AirBNB Market OR invest the max rehab estimate to come forward and finish converting the basement area into a full living space, installing greenspace landscaping, and giving the property a new coat of paint.
• Features: Rare opportunity in Key West right on the water and will be Vacant at closing!! This 2-story 3/2.5 home is Solid Concrete Block, features a massive, 800 sq ft 2-car garage that can be converted into additional living space, a large dock area w/ OCEAN ACCESS, large balcony area, recently remodeled throughout, newer windows, and a 3 year old roof. Located less than 2 minutes away from Key West Airport, Smathers Beach, and Downtown Key West Duval Street!!
• Important Details: Vacant at closing!
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab