DUPLEX WITH MASSIVE POTENTIAL ON A GULF ACCESS CANAL MUST BE CONVERTED TO SFH

Lee County, Cape Coral, FL, 33904
Sold
Listed at: February 21st, 2023
Price
$372,500
ARV
$650,000
Gross Margin
$277,500
Sq. Footage
2128
Type
Multifamily
Parking
Driveway
Year build
1976
Lot size
0.27 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

Attention real estate investors looking to pick up a duplex on a gulf access canal with tons of potential to cash flow over 10k a month! This duplex was damaged from the hurricane and needs the works to completely repair, but the potential is there! Some key features include:


-2 units both 2/2s with screened in lanai


-Each side has over 1000 sq ft


-Property is on a gulf access canal and has a seawall already in place


-property will need a new roof


-Some mold in the property (one unit more than other)


-Budget of close to 120k for a rehab (still leaves room for profits)


-property can rent month-month for over 5k per month


-Property can rent for vacation rentals for over 15k per month


-Block frame which holds value


-large lot .26 acres


-Property will have to be converted to a SFH due to the FEMA 50% rule


-Delivered vacant


-Property needs new roof will need to be ripped down to the studs


-Better suited for a buy and hold investor rather than a fix and flip


-Property will keep value and continue to gain in upcoming years


-Utilities work fine electrical had no issues


WE ARE DIRECT TO SELLER IF YOU SEE ANYONE ELSE MARKETING THIS WE DID NOT GIVE PERMISSION

🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥


BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
● Buyer pays all closing costs
● Get in touch with us now!
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 


💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥



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.

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

Dominic Lafata

No reviews

Disposition manager