Additional Details

• Important Details: --> Vacant at close! --> 2023 new roof with permits! --> Flood zone A
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $160,000 - $175,000
• Features: LAKEFRONT COTTAGE on Lake Hendry! This waterfront property features 2 beds, 1.5 baths, a large storage shed, an outside back deck, and sits on an oversized 22,651 sqft lot! Don't miss out on a unique opportunity on the water!
• Estimated Rehab: $30,000 - $40,000
• Rehab Description: For a rental or flip, update the kitchen, bathrooms, and floors. Install new light fixtures throughout. Siding is in good shape but needs to be pressure washed and repainted. Consider replacing the AC units with central HVAC. Roof was done in 2023 with permits! Lastly, finish with minor landscaping but touch up the back deck.
• Market Rent: $1,000 - $1,200
• Construction: Frame
• Comp 1: 611 N Cleveland Ave, Fort Meade, FL 33841 -- 2/1/896 sqft -- SOLD $180k NOV 2023 -- (Clean/dated, similar lot size, not on water)
• Comp 2: 15 6th St SE, Fort Meade, FL 33841 -- 3/1/800 sqft -- SOLD $160k MAY 2023 -- (Clean/updated, smaller lot)
• Comp 3: 804 N Oak Ave, Fort Meade, FL 33841 -- 2/1/814 sqft -- SOLD $90k SEP 2023 -- (Cash sale, investor purchase, full rehab)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab