The perfect deal for REHABBERS! 2/2 Condo (Video walkthrough)

Broward County, Lauderdale Lakes, FL, 33311
Sold
Listed at: October 20th, 2022
Price
$69,000
ARV
$130,000
Gross Margin
$61,000
Sq. Footage
1010
Type
Condo
Parking
Assigned
Year build
1973
Lot size
acres
Bedrooms
2
Bathrooms
2
Half Bathrooms
0
Summary

** FULL RENO NEEDED **


This is a 1,010 Sq Ft apartment that sits on the second floor of a four-story building (stairs and elevator available), completely vacant and ready for starting renovations. Built in 1973, the construction material is Concrete, and the roof is made of Tar/Gravel.


The +55-exclusive Somerset Condominium features a large pool, tennis court, barbeque area, exercise room, shuffleboard, billiards table, picnic area, 1 assigned parking space & more. Guarded gated community. Close to shopping and major roadways.


Asking price: $69,000

Comps: $125,000 - $135,000

ARV: $130,000

Rent: $2000 - $2200

Restrictions: At least one resident must be +55, no rentals the first 2 years.

HOA: $374 monthly

Showings: Scheduled


Hard money loan available for this deal.



DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with 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.
Videos

Somerset condo

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

Kevin Jimeno

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Disposition manager