Description
Investor special in the hottest corner of Cape Coral! This medium fixer upper is priced at only 60% of ARV, due to the owner's need to close fast so they can move into their new property. Feel free to soft pitch numbers to listing agent first. Pros: AC & water heater only 3 years old, hurricane windows 2 years old, new electrical reworked and inspected last year. Modernized kitchen. All structures above the new post-Ian flood zone levels. Cons: Needs new roof, rescreen back lanai, some outside paneling missing, junk removal, as well as odds and ends repairs/updates. Flip potential: $412k ARV, with 50 - 75k in rehab. LTR rates estimated at $3500 /mo. STR rates estimated at $257/night, 61% occupancy, for $58k yearly gross. Full cooperation with non-MLS agents. No HOA.
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3BEDS
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0.38ACRES
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3BATHS
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01/2 BATHS
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2,047SQFT
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$122$/SQFT
School Ratings & Info
Description
Investor special in the hottest corner of Cape Coral! This medium fixer upper is priced at only 60% of ARV, due to the owner's need to close fast so they can move into their new property. Feel free to soft pitch numbers to listing agent first. Pros: AC & water heater only 3 years old, hurricane windows 2 years old, new electrical reworked and inspected last year. Modernized kitchen. All structures above the new post-Ian flood zone levels. Cons: Needs new roof, rescreen back lanai, some outside paneling missing, junk removal, as well as odds and ends repairs/updates. Flip potential: $412k ARV, with 50 - 75k in rehab. LTR rates estimated at $3500 /mo. STR rates estimated at $257/night, 61% occupancy, for $58k yearly gross. Full cooperation with non-MLS agents. No HOA.
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