Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $155,000-$170,000
• Estimated Rehab: $15,000-$30,000
• Comparable Rent: $1,500-$1,600
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 2908 LICHEN LN UNIT A, CLEARWATER, FL 33760 (2/1, 752 sqft) PENDING $172k in NOVEMBER 2022 (1979 build condo, outdated rental condition, $323/mo HOA)
• Comp 2: 2917 LICHEN LN UNIT C, CLEARWATER, FL 33760 (2/1.5, 853 sqft) SOLD $175k in OCTOBER 2022 (1979 build condo, clean/basic partial updates, $384/mo HOA)
• Comp 3: 2937 BOUGH AVE UNIT D, CLEARWATER, FL 33760 (2/1, 872 sqft) SOLD $190k in SEPTEMBER 2022 (1985 build condo, remodeled, $421/mo HOA)
• Comp 4: 1890 WOLFORD RD APT 17, CLEARWATER, FL 33760 (2/1, 970 sqft) SOLD $110k in SEPTEMBER 2022 (same community as subject, CASH sale, needs updates)
• Rental Comp 1: 2909 LICHEN LN UNIT C, CLEARWATER, FL 33760 (2/1.5 853 sqft) Leased for $1,550 in AUGUST 2022 (1979 build condo, clean rental condition)
• Rental Comp 2: 1827 BOUGH AVE UNIT 2, CLEARWATER, FL 33760 (2/1 898 sqft) Leased for $1,400 in AUGUST 2022 (1973 build condo, low end rental condition)
• Rehab Description: For a rental or flip, complete the flooring and bathroom renovation. Optionally, update the kitchen and trim/fixtures. Deep clean interior and apply fresh interior paint to modernize. Back patio area needs to be pressure washed or optionally replace the small rear decking. Roof is covered by the HOA and there are no apparent visible leaks. Central AC is in good working condition.
• Features: Excellent rental Condo deal in Clearwater! This 2 bedroom, 1 bathroom condo features 900 sqft of living space and an enclosed lanai. Being offered vacant at closing at a very attractive price in the Pine Meadows Condominium community. 2 parking spots included with unit. Conveniently located nearby downtown Clearwater/St Pete, Old Tampa Bay, and I-275. Don't miss out on this dual-threat for simple flip or cash flowing rental!
• Important Details: --> VACANT AT CLOSING! --> $225/mo HOA fee includes two parking spots, includes all exterior maintenance, and the roof
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab