Venice, FL Investment Opportunity 🏡

Property Details:

• Type: Single Family Home
• Beds/Baths: 2 Bed / 2 Bath
• Garage: Attached
• Livable Area: 1,662 sqft (per tax records)
• Lot Size: 13,504 sqft
• Year Built: 1980 (Block Construction)
• ARV: $400,000
• Asking Price: $279,990
• EMD: $5,000
• Closing Date (COE): 9/3/24

🔗 Link to Photos: View Photos

Comps:

• 1066 Fundy Rd - Sold for $438k on 8/24 (Remodeled, Block)
  • 3 beds / 2 baths / 1,439 sqft / 1982 year built
• 1208 Ruby Rd - Sold for $427k on 5/24 (Remodeled, Block)
  • 3 beds / 2 baths / 1,562 sqft / 1983 year built

Renovation Notes:

• Roof: Replaced in 2023.
• AC: Installed in 2020.
• Condition: Property is vacant, making it easier to start renovations or prepare for resale.

Investment Highlights:

• Solid Infrastructure: With a new roof and recent AC installation, major systems are in excellent condition, minimizing upfront renovation costs.
• Undervalued Opportunity: The asking price of $279,990 is significantly below the ARV of $400,000, offering a substantial potential return on investment.
• Comparable Sales: Nearby properties with similar characteristics have sold for $427k to $438k, indicating strong market demand and potential profitability.

Contact Us:

📞 Interested in this investment opportunity? Contact us for more details or to schedule a viewing.

Disclaimer:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.