High Potential ARV with Established Rental History 🏡💸

Property Details:

• Beds/Baths/Sqft: 2 beds 🛏️ / 1 bath 🚽 / 736 sqft 📋

• Purchase Price: $225,000 💵 (+TC + CC)

• After Repair Value (ARV): $345,000 📈

• Estimated Rehab Cost: Moderate rehab needed 🔨

• COE (Close of Escrow): Negotiable 📅

• Occupancy: Tenant (Month-to-Month) 🚪

• Current Rent: $1,300/month 🏠

Property Condition:

• Roof: 3 years old 🏰

• Interior Updates: Completed 1.5 years ago 🛠️

• HVAC: Updated 1.5 years ago 🔥

• Foundation: Good condition 🛠️

Rental Income Potential:

• Long-Term Rental (LTR): Estimated at $1,800/month 💸

• Mid-Term Rental (MTR): Estimated at $2,100/month 🛋

• Short-Term Rental (STR): Estimated at $2,500/month 🏨

Comparable Sales (Comps):

1. 201 S F Street, Lake Worth Beach, FL 33460 - Sold for $340,000; 2 beds, 1 bath, recently renovated 📈

2. 525 N J Street, Lake Worth Beach, FL 33460 - Sold for $355,000; 2 beds, 1 bath, upgraded condition 📈

3. 319 N L Street, Lake Worth Beach, FL 33460 - Sold for $345,000; 2 beds, 1 bath, similar size 🏠

Investment Highlights:

• Turnkey Potential: Moderate rehab to reach full potential, recent updates already completed 🏡

• High ARV & Rental Potential: Estimated ARV of $345,000 with flexible rental options (LTR, MTR, STR) 📈

• Established Tenant: Currently tenant-occupied with option for tenant to stay if desired by the investor 🚒

• Strong Rental Market: Located in a desirable rental neighborhood in Lake Worth, FL 📍

• Flexible Viewing Arrangements: Property available for viewing by appointment!

Why This Deal is a Great Opportunity: This property offers significant potential for rental income with a moderate rehab investment. With an ARV of $345,000, investors have a strong opportunity to add value. The property's versatility as a long-term, mid-term, or short-term rental makes it attractive for different investment strategies. Situated in a popular rental market, it promises solid returns and appreciation potential.

All offers due by: November 23, 2024