🏡📈 Heavy Rehab, Hefty Return | Cape Coral, FL | 50% of ARV

Lee County, Cape Coral, FL, 33914
Sold
Listed at: November 28th, 2023
Price
$329,000
ARV
$650,000
Gross Margin
$321,000
Sq. Footage
2778
Type
Single-Family
Parking
Attached Garage
Year build
1979
Lot size
0.24 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

🏠 Property: 4 beds, 3 baths block 1979 build-- 2,778 livable sqft

🛠️ Heavy Rehab Needed: Kitchen, bedrooms, bathrooms, drywall, electrical, pool cage, LVP or wood floors over existing tile, Water heater and potentially AC

🏗️ Non-permitted Space: The property's original footprint is 2,378 but there were additions added of roughly 400 SF (1 bedroom and 1 bathroom), bringing the total to 2,778 SF as opposed to property appraisers 2,378

*Property was professionally remediated after the storm and flood insurance is transferable*


Property Specifics:

4 Beds

3 Baths

2 Car Garage

Livable SF: 2,778

Lot Size: 10,498

Year Built: 1979


Mechanicals:

AC: Was not checked bc power was off-- replacement was factored into the rehab budget (Condenser appears fine)

Electric: Needs to rewiring

Water Heater: Needs replaced

Roof: Metal, good condition, no need to replace


Rehab Summary

  • Kitchen & all additional interior rooms
  • Bedrooms
  • Bathrooms
  • Drywall
  • Doors
  • Electrical
  • LVP or wood floors over existing tile
  • Water heater
  • Potentially AC
  • Pool cage



ARV Comps:

  • 812 SW 51st Ter
  • 4/4, 2,513 SF- Sold for $800,000 on 11/17/2023
  • 2003 Build, 15,000 Sqft lot
  • 1066 SW 57th St
  • 4/2, 2,114 SF-- Sold for $670,000 on 9/5/2023
  • 1998 Build
  • 3620 Se 21st Pl
  • 4/3, 2,341 SF-- Sold for $599,000 on 8/30/2023
  • 1976 Build
  • 2324 SW 54th Ln
  • 3/2, 2,323 SF-- Sold for $600,000 on 5/31/2023

As-Is Comp:

  • 4440 SW 14th Pl
  • 3/2, 1,787 SF-- Sold for $310,000 on 11/20/2023




Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Cody Schmidt

No reviews

Disposition manager