Additional Details

• Ideal Investment Strategy: Resale
• Potential ARV: $700,000/$710,000
• Estimated Rehab: $50,000/$55,000
• Comparable Rent: $4,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 213 SE 10th St (3/2, 1567 sq ft) -- SOLD July 2022 @ $710,000 (Updated) Sold in 12 days!
• Comp 2: 847 SW 10th St (3/2, 1669 sq ft) -- SOLD July 2022 $845,000 (Clean, had a pool)
• Comp 3: 820 SW 8th Ave (2/1, 660 sq ft) -- PENDING @ $600,000 (Totally outdated, less than 1/2 the square foot of our house) Went pending in 26 days!
• Comp 4: 420 SW 9 # 1 (3/4, 2600 sq ft) -- PENDING @ $1.117M (new development project, tore down previous structure w/ same lot size)
• Rehab Description: This property requires a full rehab. Replace the roof, remodel the kitchen, remodel the bathrooms, replace the floors, apply fresh paint, and install landscaping. A second profitable route would be to knock the property down and build new construction on the lot that sits on 6,649 sq ft.
• Features: RARE OPPORTUNITY for sale in Tarpon River! This property has multiple exit strategies. You can do your traditional fix and flip or you can knock the property down to build two townhomes on the 6,649 sq ft lot and take advantage of the high demand that NEW CONSTRUCTION is bringing in the area! Townhomes are selling for over 1 million dollars! Located just 3 blocks away from Federal Highway/US-1, Rio Vista, and Las Olas Blvd!
• Important Details: M2M Tenants in place
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab