Additional Details

• Contact: Ethan Creo (954) 779-5965 - ecreo@propertyforce.com
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $265,000-$290,000
• Estimated Rehab: $70,000-$85,000
• Comparable Rent: $2,000-$2,100
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 723 Manatee Ave, Ellenton, FL 34222 (4/2, 1248 sqft.) INVESTOR SALE for $270K on 11/2/22 (1992 build, Frame. Condition unknown.)
• Comp 2: 3807 Cedar St, Ellenton, FL 34222 (3/1, 1,388 sqft) Sold for $252k on 9/28/21 (1930 build. Frame. dated needs work)
• Comp 3: 3306 Water St, Ellenton, FL 34222 (3/2, 1480 sqft.) Sold for $348K on 12/15/22 (1960 build, Cbs. Remodeled.)
• Comp 4: 819 44th Ave E, Ellenton, FL 34222 (2/2, sqft.) Sold for $330K on 9/30/22 (1985 build, Cbs. Rental condition.)
• Rehab Description: For a flip This property needs a full rehab renovation. Renovate the kitchen, bathrooms, flooring, ceiling remediation. Some of the drywall may need attention. Possible subfloor, sinking floor and infestation may require attention. The AC and roof may need to be serviced or fixed. Permits were pulled for a roof in 2007 and Electrical in 2018. The yard needs a trash out and a landscaping facelift to increase curb appeal. Alternatively, keep the current tenants in place and do necessary maintenance to the property.
• Features: Excellent location in Ellenton! This 3 bedroom / 2 bathroom (3/1 on tax) house right near the Manatee River. Property features 1,248 sqft permitted living area and sits on 0.17 acre lot. This property is currently rented M2M at $1600/mo. Property is in nice town with an easy commute to Tampa/St. Pete and Bradenton/Sarasota. Being offered at an attractive price with a paying tenant in place and in a great location!
• Important Details: ---> Rented M2M at $1,600/mo ---> 3 bed / 1 bath on Appraiser, Current layout is a 3 bed / 2 bath
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab