Additional Details

• Important Details: --> Vacant at close! --> 2.73 Acre lot --> Pool Home
• Features: Golden Gate Estates! This 3-bedroom, 2-bathroom estate home sits on a 2.73-acre lot in the highly coveted Golden Gate Estates neighborhood of Naples, FL! The property features a pool area with a hot tub and a deck, a 2-car garage, a spacious 1,929 sq ft of living area, an outdoor shed, a large screened-in lanai, and sits on a cleared lot. Located in a neighborhood where smaller new construction is listed for $1.1-1.4m. An investor can undercut and expect a fast sale given the lack of affordable inventory! Don't miss out on this opportunity!
• Potential ARV: $760,000-$780,000
• Rehab Description: For a flip or rental, this in an easy rehab. On the outside the roof was replaced 6 years ago, the AC unit is in working order but may need replacing due to age. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
• Estimated Rehab: $60,000-$80,000
• Comparable Rent: $4200-$4500/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 421 31st St SW, Naples, FL 34117 3/2 2030 SQFT 1985 Build 2.5 Acres PENDING @ $774,000 (Smaller lot/no pool/dated with some updates)
• Comp 2: 712 25th St SW, Naples, FL 34117 3/2 1622 SQFT 2021 Build 2.5 Acres PENDING @ $1,095,000 (Newer build/smaller/no pool/smaller lot)
• Comp 3: 720 15th St NW, Naples, FL 34120 4/2 1900 SQFT 1998 Build 2.27 Acres SOLD @ $737,000 08/30/2024 (Dated with some updates/no pool/smaller lot)
• Comp 4: 730 25th St NW, Naples, FL 34120 3/2 1504 SQFT 1989 Build 2.5 Acres SOLD @ $638,500 08/15/2024 (Smaller by over 400 sqft/smaller lot/no pool/ dated)
• Comp 5: 780 11th St SW, Naples, FL 34117 3/2 2199 SQFT 2001 Build 2.73 Acres SOLD @ $700,000 07/29/24 (Slightly bigger/dated/pool)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab