Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $425,000-$450,000
• Estimated Rehab: $25,000-$40,000
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 302 N STORTER AVE, EVERGLADES CITY, FL 34139 - 2/2 1,032 sqft SOLD $525k AUGUST 2022 (1925 build, on stilts, with water access)
• Comp 2: 936 PANTHER CREEK LN, EVERGLADES, FL 34139 - 3/2 1,344 sqft SOLD $460k SEPTEMBER 2022 (1995 build, on stilts, with water access and dock)
• Comp 3: 107 RIVERSIDE DR, EVERGLADES, FL 34139 - 2/1 1,028 sqft SOLD $410k OCTOBER 2021 (1925 build, outdated, and 1 car garage)
• Comp 4: 408 RIVERSIDE DR, EVERGLADES CITY, FL 34139 - 2/2 1,081 sqft SOLD $610k JANUARY 2020 (1965 build, on stilts with dock and boat slip, updated)
• Rehab Description: For a longterm or vacation rental this needs minimal interior cosmetic updates to the kitchen appliances, fixtures, and fresh paint. The roof shingles may need to be replaced, however there was no apparent evidence of leaking. The central a/c may require servicing or replacement. For a flip, update the kitchen countertops/cabinets and optionally upgrade the bathroom vanities. Apply fresh exterior paint and do some light landscaping to increase curb appeal!
• Features: RARE direct waterfront deal in Everglades City! This 2 bedroom, 2 bathroom home features 960 living sqft, has a nice dock & boat lift on the water with access out to the Chokoloskee Bay, screened-in lanai on the deck, an additional 120 sqft storage space, and sits on a .10 acre lot. Being offered vacant on lockbox, this was previously used as an excellent vacation rental, but has the upside as a great flip or rental opportunity! This is a fisherman's or boaters paradise! Deals like this don't come around often and there's nothing available on market at this price!
• Important Details: --> VACANT ON LOCKBOX! --> No apparent visual evidence of flooding damage due to the house being on block stilts --> Was listed on Airbnb at a $175 nightly rate
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab