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Updated almost 9 years ago on . Most recent reply

User Stats

51
Posts
3
Votes
Andres Ospina
  • Fort Lauderdale, FL
3
Votes |
51
Posts

3/1.5 - Single Family - Rental Property - eviction

Andres Ospina
  • Fort Lauderdale, FL
Posted
Street Address2502 Bedford DriveStateFL
CountySt LucieZip Code34946
CityFort Pierce
Asking Price$45,000OccupancyEviction
Deposit Required$3,000Occupancy NotesThe occupant is Lisa who lives there with 5 kids and her partner. She is nice and can be bargained with for relocation. She let the inspector in for pictures.
Frame/CBSCBSLease Information
ARV Minimum$60,000Rental Amount
ARV Maximum$65,000Estimated Rent$975
Property classSingle familySecurity Deposit
Bed3Lockbox/Tenant information
Bath1.5Access to HouseLimited access- Auction.com can pull deal if we send people.
Bed 2Home Owners AssociationNo
ParkingNone
SQ Feet - Living Area1,374
Central/Wall UnitCentral Air
Year Built1971
PoolNot CheckedNo
Rehab Amount Min.$7,000
Rehab Amount Max.$12,000
For a rental, this property needs a deep cleaning and drywall repairs throughout. A few bedroom doors will have to be replaced due to cracks or wear/tear. A new bathroom vanity will go a long way in the full bath. The half bath is in similar condition, but no picture was taken. New ceiling finishes around the patched work will get this rental ready. Interior paint must be applied. The exterior needs some landscaping and the yard needs to be cleaned up to boost curb appeal.
Nice CBS home sitting on a large 11,000 square foot lot, located in Fort Pierce! The property features terrazzo/tile flooring throughout, central A/C, plenty of yard space and parking for a large family. The property also has a garage that was converted to an extra bedroom, making it larger than tax roll with the added living square footage. This home only needs some TLC to be a great rental and be offered at a whopping 14% cap rate after repairs. Don't miss out on this gem!
***Buyer agrees to assume property with possible eviction. Seller makes no representation of rents or current leases.***

Comps:

2802 JUANITA AV 3/1 with 1095 sq ft same house sold 52k cash. Was a wholesale deal sold by PEGHI ENTS LLC to JASON MICHAEL COLEY LLC.

2602 KINGSLEY DR 3/1.5 with 1378 sq ft sold 47k cash- Distressed

2602 SHERATON BLVD 4/1 sold 42k cash 12/11/2015- Distressed
Offering

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