Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $425,000-$440,000
• Estimated Rehab: $55,000-$70,000
• Comparable Rent: $2,800-$3,000
• Construction: CBS (With Frame Addition)
• Occupancy: Call your Agent
• Comp 1: 10208 SHADE TREE CT, BONITA SPRINGS, FL 34135 - 3/2 1,689 sqft PENDING $429k 4 DOM (1999 build, outdated, no garage, and no pool)
• Comp 2: 10137 SUNSHINE DR, BONITA SPRINGS, FL 34135 - 2/2 1,288 sqft PENDING in OCTOBER $390k (1982 build, clean/basic condition, one car garage, and no pool)
• Comp 3: 11300 ORANG BLOSSOM DR, BONITA SPRINGS, FL 34135 - 3/2 1,661 sqft SOLD $433k SEPTEMBER 2022 (1970 build, basic condition, and two car garage)
• Comp 4: 10217 SANDY HOOLOW LN, BONITA SPRINGS, FL 34135 - 3/2 1,311 sqft SOLD $421k SEPTEMBER 2022 (1988 build, 1 car garage, and no pool)
• Comp 5: 26936 LOST WOODS CIR, BONITA SPRINGS, FL 34135 - 3/2 1,862 sqft SOLD $500k AUGUST 2022 (1991 build, clean but dated, two car garage, and no pool)
• Rehab Description: Building was remodeled in 2019 with updated plumbing and electrical. Roof replaced in 2018. Fence was built and Central AC replaced in 2020. One meter and water heater for both units. For a flip or rental, house need repair to the flooring, drywall, and trim/fixtures. Optionally, convert this back into a single family residence layout. - Property was subject to approx. 6 inches of water intrusion and one unit has several holes in drywall. Bottom of kitchen cabinets/trim/doors throughout property may need attention. Repair the fence that was damaged during windstorm. Exterior trim/soffits may need some attention. Deep clean, apply fresh interior/exterior paint, and do some landscaping to maximize value.
• Features: Rare deal in Bonita Springs! Property features 1,717 sqft of living space and sits on a .18 acre lot. A partition wall was added as well as a second kitchen to make into two units. - Unit 1 is a 2/2 and Unit 2 is a 2/1. Unit 1 is vacant, Unit 2 is month-to-month collecting $1,600 in rent. No HOA! Don't miss out on the opportunity to own an excellent property in Bonita Springs or turn it back into a spacious single family in a desirable area!
• Important Details: --> Unit 1 VACANT, Unit 2 month-to-month tenant renting $1,600/mo. --> Buyer agrees to assume current tenant on a month to month basis --> Current layout is multifamily, however the zoning on tax roll is Single Family
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab