Additional Details

• Ideal Investment Strategy: Rental
• Potential ARV: $450,000/$475,000
• Estimated Rehab: $20,000/$40,000
• Comparable Rent: $4,200
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 932 W Jasmine Drive (5/3, 2128 sq ft) -- SOLD 3/22 @ $455,000 (Completely outdated)
• Comp 2: 415 Greenbriar Drive (4/3, 2040 sq ft) -- SOLD 3/22 @ $550,000 (Frame, completely outdated)
• Comp 3: 707 Greenbriar Dr (2/1, 900 sq ft) -- RENTED @ $2,100/mo (Updated)
• Comp 4: 321 6th St ( 2/1, 960 sq ft) -- RENTED @ $2,000/mo (Updated)
• Rehab Description: This Duplex is in rental shape, but will need a full update for top dollar rent. Begin inside by updating the flooring. Move onto the kitchens, modernize everything there before you start on the bathrooms. After updating those, a deep clean and fresh coat of paint. The roof looks good, but a small repair is needed on the front porch.
• Features: This CBS Block DUPLEX in Lake Park is in a prime location! You're 1 mile from the intracoastal waterway, 3 miles from beautiful Singer Island, and just 5 miles from Rapids Waterpark! 2/1 rentals in the area achieve up to $2,100 per month ($50,400 gross annually!), but this is also a great AirBNB area given the location, along with tons of equity as a BRRR deal!
• Important Details: Month to month tenants in place
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab