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3880 NW 5th St Fort Lauderdale, FL 33311
3880 NW 5th St Fort Lauderdale, FL 33311
SOLD! $289,990 - Single Family
1509 sq ft 3 Bedrooms 2 Bathrooms 1956 Year Built

Additional Details

  • Contact:: Aaron Wiseman 954-807-9124 awiesman@propertyforce.com
  • Important Details: -->VACANT AT CLOSING! -->Tax assessed @ $278,370
  • Features: TEXTBOOK FLIP! Corner lot CBS home in a desirable location. Boasting 1509 Sqft with 3 bedrooms and 2 baths. Centrally located minutes away from all major highways and Downtown Ft. Lauderdale. The property is being offered vacant at close. Don't miss out on the opportunity to enter this market at a nearly impossible-to-find price!
  • Rehab Description: For a flip or rental, this needs cosmetic updates. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. The roof appears to be in good condition. The Central AC was recently replaced in 7 years ago and maintained yearly. Finish up with landscaping to boost curb appeal!
  • Potential ARV: $410,000-$430,000
  • Estimated Rehab: $40,000-$50,000
  • Construction: CBS
  • Comparable Rent: $2800-$3000
  • Ideal Investment Strategy: Rental/Resale
  • Occupancy: VACANT AT CLOSE!
  • Comp 1: 3840 NW 7th St, Fort Lauderdale, FL 33311 3/2 1600 SQFT 1959 BUILD PENDING @ $430,000 (3 DOM) (Clean and fully updated)
  • Comp 2: 471 NW 39th Ave, Ft. Lauderdale, FL 33311 4/2 1388 sqft 1956 BUILD SOLD @ $404,000 October 2022 (Almost 300sqft smaller, dated property)
  • Comp 3: 3521 NW 4th St, Ft. Lauderdale, FL 33311 3/2 1272 SQFT 1954 BUILD SOLD @ $395,000 November 2022 (Amost 400sqft smaller, clean with low end updates)
  • Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab
Property Location