Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $375,000-$400,000
• Estimated Rehab: $5,000-$20,000
• Comparable Rent: $2,600-$2,800
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 928-930 SW 37th Ln, Cape Coral, FL 33914 (4/2, 1,728 sqft) PENDING at $505k on 01/09/2023 (1984 build duplex, rental condition, no garage, shared pool)
• Comp 2: 2912 SE Santa Barbara Pl #A-D, Cape Coral, FL 33904 (6/6 3,248 sqft) SOLD for $865k on 11/04/2022 (2004 build quadplex, $216k per door, no garage, updated rental condition - 2 units 961 sqft / 2 units 663 sqft)
• Comp 3: 638-640 SE 13th Ct, Cape Coral, FL 33990 (4/4, 2,008 sqft.) PENDING for $365k on 12/25/2022 (1987 build duplex, half way completed update/2nd unit needs work, 1 car garage)
• Comp 4: 709-711 SW 3rd St, Cape Coral, FL 33991 (4/2, 1,584 sqft) SOLD for $375k on 10/21/2022 (1981 build duplex, clean/basic rental condition, no garage)
• Rental Comp 1: 3705 SW Santa Barbara Pl, Cape Coral, FL 33914 (2/1, 1,024 sqft.) RENTED for $1,425K on 11/26/22 (1999 build duplex unit, rental condition)
• Rental Comp 2: 928 SW 37th Ln, Cape Coral, FL 33914 (2/1, 864 sqft.) RENTED for $1,600K on 10/14/22 (1984 build, rental condition, shared pool).
• Rehab Description: Clean rental condition duplex. For either a flip or rental, minimal rehab is needed. Roof, AC, water heater and cosmetics all recently replaced and appear in good visual condition. Roof has permitted work from 2022. Repair minor soffit spot. Consider a deep clean the interior and power wash the exterior, apply fresh interior/exterior paint, and do some landscaping to boost curb appeal!
• Features: RARE DUPLEX opportunity in Cape Coral! This 4 bedroom / 3 bathroom (2/1.5 per side) concrete block property is already in clean, excellent rental condition with very little rehab needed. Property features a total of 1,620 sqft, each unit has a screened lanai, and sits on a 0.23 acre lot in quiet community. One unit is being offered vacant at closing with the other rented until July 2023. Act fast to immediately start cash flowing on this unique deal!
• Important Details: --> DUPLEX - 2 bed /1.5 bath per side --> One half rented @ $1100/mo until 7/23. Other half vacant at closing. --> Buyer agrees to assume current tenant on lease until July 1st 2023. $900 Security Deposit
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab
• Contact: Jens Kuetemeyer (954) 807-9113 - jkuetemeyer@propertyforce.com