Additional Details

• Important Details: -->VACANT AT CLOSE -->Already Demoed --> NO HOA
• Features: Excellent flip opportunity located in a great area of VERO BEACH with lots of potential! This 2-bedroom features 778 sq ft, has an oversized attached one car garage, and sits on a large cornerlot. Being offered VACANT at close as a shell and ready for your transformation. Centrally located to dining, shopping, and Vero's great beaches. Don't pass up on this opportunity!
• Potential ARV: $250,000-$270,000
• Rehab Description: For a flip or rental, this property will need a full renovation. The roof appears to be in good condition, but may need replacing due to age. The kitchen and both bathrooms will need to be remodeled. The electrical and plumbing appear to be in good condition. Interior and exterior paint must be applied. Finish off with landscaping to boost curb appeal.
• Estimated Rehab: $40,000-$50,000
• Ideal Investment Strategy: Resale/Rental
• Occupancy: VACANT AT CLOSE!
• Construction: CBS
• Comparable Rent: $1900-2000/MO
• Comp 1: 3436 2nd Pl. Vero Beach, FL 32962 Pending @ $120,000 (Teardown)
• Comp 2: 3145 1st Pl, Vero Beach, FL 32968 2/1 784 SQFT 1975 Build PENDING @ $260,000 (Completely dated)
• Comp 3: 1675 4th Ln, Vero Beach, FL 32962 3/2 896 SQFT 1965 Build SOLD @ $335,000 04/05/05/24 (2/1 on taxroll that may be 228 sqft bigger, seems like there's a conversion/fully updated/no garage)
• Comp 4: 181 22nd Ave, Vero Beach, FL 32962 2/2 960 SQFT 1986 Build SOLD @ $200,000 03/08/24 (Slightly bigger/sold fully dated as a handyman special)
• Hard Money: Pre-Approved by OPS Loans for up to 70% LTV – See OPS Loans Tab