Additional Details

• Important Details: --> Vacant at close --> HOA is $318/MO --> Lease must be longer than 90 days
• Features: Great buy and hold condo in Port Richey for under $20,000?!This one bedroom unit will be delivered VACANT AT CLOSING and is situated in a well maintained community near shops and major highways. This location does not require high end finishes to achieve high end rental/resale value. Being offered at an attractive price to renovate and add to your rental portfolio. Act fast!
• Potential ARV: $75,000-$85,000
• Rehab Description: For a flip or rental this needs a complete renovation to the interior of the property. Flooding from Helene and Milton occurred and it has been partially remediated. Kitchen, bathroom, walls, flooring, fixtures, and appliances need to be replaced. Complete the rehab and remodel and make this property turnkey!
• Estimated Rehab: $20,000-$25000
• Comparable Rent: $1000-$1100
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comp 1: 5541 Bay Blvd #201 Port Richey, FL 34668 1/1 594 SQFT 1980 Build PENDING @ $95,000 (Smaller/being sold AS-IS)
• Comp 2: 5541 Bay Blvd #108 Port Richey, FL 34668 1/1 678 SQFT 1980 Build SOLD @ $27,000 12/09/24 (Flooded condo/sold as-is)
• Comp 3: 5541 Bay Blvd #104 Port Richey, FL 34668 1/1 678 SQFT 1980 Build SOLD @ $75,000 9/11/24 (Clean/sold cash with tenants)
• Rental Comp 1: 5541 Bay Blvd #307 Port Richey, FL 34668 1/1 806 SQFT 1980 Build Leased @ $1250/MO 03/01/25
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab