508 SW 5th St Belle Glade, FL 33430
SOLD! $134,990 - Single Family
Additional Details
- Ideal Investment Strategy: Rental/Resale
- Potential ARV: $215,000/$225,000
- Estimated Rehab: $25,000/$30,000
- Comparable Rent: $1,400
- Construction: CBS
- Occupancy: Call your Agent
- Comp 1: 18 NE Avenue J (3/2, 1354 sq ft) -- SOLD 7/21 @ $240,000 (30 years older than our house, updated) Sold 9 months ago in 14 days!
- Comp 2: 116 SE 7th Street N (3/2, 1372 sq ft) -- SOLD 7/21 @ $269,000 (40 years older than our house, updated) Sold 9 months ago in 7 days!
- Comp 3: 1100 SW Avenue I (3/2, 1000 sq ft) -- SOLD 3/22 @ $210,000 (10 years older than our house, clean) Sold in 14 days $10,000 over asking!
- Comp 4: 648 SE 6th Drive (4/2, 1302 sq ft) -- ACTIVE @ $285,000 (30 years older than our house) This is the lowest priced active property in the area.
- Rehab Description: This is an easy rehab. For a flip, repaint the interior, replace the floors, remodel the kitchen, and remodel the bathrooms. On the exterior, replace the roof, repaint, and install fresh landscaping and a fence.
- Features: Great flip opportunity in Belle Glade! This incredible CBS house was built in 1997, which is one of the newest properties in the area, and features a nice, spacious layout with 3 bedrooms and 2 full bathrooms! This area is smoking hot with properties selling in less than 14 days with most of the comps, making it a very attractive deal! As an added bonus, we have an appraisal in hand showing an ARV of $238,000!
- Important Details: Appraisal in hand from December 2021 @ $238,000 - No houses active in the immediate area under $285,000
- Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab