Deep discount - Naples Fix & Flip

Collier County, Naples, FL, 34116
Sold
Listed at: February 22nd, 2022
Price
$272,000
ARV
$425,000
Gross Margin
$153,000
Sq. Footage
1726
Type
Single-Family
Parking
Assigned
Year build
1985
Lot size
12632.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

2501 53rd Ter SW, Naples, FL 34116

3 Bed 2 Bath 1726 Sq Ft - Large corner lot over 1/4th Acre ( 12,632 sq ft ) 


After Repair Value / Retail Estimate = $395,000 - $425,000

Our Off Market Wholesale Price = $274,500

 

Comparable Sales within 1/2 mile

1. 5450 25th Pl SW, Naples, FL 34116 ( 3Bed 2Bath 1,425 sq/ft Sold on 12/27/21 For $398,000 )

 --- The Above home sold as is with no updating done for 398k with outdated kitchen, flooring, and bathrooms


2. 5441 26th Ave SW Naples 34116 ( 3Bed 2Bath 1,259 sq/ft Sold on 11/24/21 For $415,000 )


3. 5088 27th Pl SW Naples, FL 34116( 3Bed 2Bath 1,505 sq/ft Sold on 10/22/21 For $395,000 )

 


Average Area Rents: $2,500 - $2,800 / Month


Photos:  Coming soon

 

Close of Escrow = On or Before 4/8/22


Additional Details:

Fix & Flip Opportunity, Estimated rehab cost = $45,000 - $50,000 

Property needs general updating and modernizing. The roof needs asphalt shingles replacement. The property is cosmetically outdated but located in a prime area for resale with lots of buyer activity. 

 

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.


If you are interested in this deal, CLICK THE BUTTON ABOVE TO GET THIS DEAL.

Properties may be occupied - DO NOT DISTURB TENANTS / OCCUPANTS Any showings must be scheduled and approved by an authorized representative at least 72 hours in advance. Upon acceptance of a winning bid, the buyer will receive a purchase & sale contract which must be completed along with $5k EMD received within 24 hours of winning bid acceptance. This property is secured with a binding purchase and sale contract as well as a memorandum recorded with the county and attached to the subject property securing seller/contract holder(s) financial or equitable interest. Any attempt to circumvent the contract holder will result in immediate legal action and recovery of financial damages including all legal fees required for such recovery. Information shared is confidential and privileged and shall not be re-shared or marketed without the explicit written consent of the contract holder. By submitting an inquiry, property address request, or making an offer you accept the terms and restrictions set forth in this statement.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Stephen Backholm

No reviews

Disposition manager