🏡 Investment Opportunity: 3 Bed / 2 Bath Home in Pt Charlotte, FL

📍 Property Details:

• 🛏️ Beds / 🛁 Baths: 3 Bed / 2 Bath
• 📏 Livable Area: 1,764 sqft (per tax records)
• 🌿 Lot Size: 9,999 sqft
• 📅 Year Built: 1978 (Block)
• 💲 Asking Price: $165,000
• 💼 EMD (Earnest Money Deposit): $5,000
• 🔑 Closing Date: 10/18/24

📸 Link to Photos:

View Property Photos

🔑 Key Features:

• Metal Roof: Approaching 20 years.
• HVAC: Replaced in 2015, providing reliable heating and cooling.
• Impact Windows: A valuable upgrade for hurricane protection.
• Vacant Property: Ready for immediate renovations or occupancy.

📊 Financial Breakdown:

• 💲 Asking Price: $165,000
• 🏷️ After Repair Value (ARV): $285,000
• 💼 EMD: $5,000

Comps (Comparable Sales):

• 📍 22167 Lancaster Ave, sold for $285k on 4/24
  • Condition: Close to Remodel, Block
  • 3 beds / 2 bath / 1,776 sqft / 1980 yr
• 📍 22400 Lacombe Ave, sold for $329k on 7/24
  • Condition: Remodeled, Block
  • 3 beds / 2 bath / 1,962 sqft / 1987 yr

💡 Investment Highlights:

This 3-bed, 2-bath home located in Pt Charlotte, FL, offers great potential for investors with an ARV of $285,000. Priced at $165,000, there’s room for improvements to maximize the value of this property.

💵 Price Analysis:

• Asking Price: $165,000
• ARV: $285,000
• Potential Profit: $120,000 post-renovation

⚠️ Considerations:

• Roof Replacement: The metal roof is nearing its 20-year mark and may require future replacement.
• Interior Updates Needed: While HVAC and windows are updated, cosmetic and interior renovations will likely be needed to realize full ARV potential.

📍 Location:

Located in Pt Charlotte, a growing area close to major amenities and recreational spots. This property is ideal for a flip or long-term rental.

💼 Conclusion:

With a competitive asking price of $165,000 and a potential ARV of $285,000, this 3-bed, 2-bath home provides an excellent investment opportunity in Pt Charlotte, FL. A great project for investors looking to enhance value through renovation.

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyers should conduct their own due diligence.