Fix & Flip Rehab Fort Lauderdale Condo Opportunity

[Jose R Torres]

This is a 2 Bedrooms 2 Baths Condo located in the very sought after Imperial Point Neighborhood of Fort Lauderdale, FL, where homes and condos sell from $66k to $697K. The property contains 1,170 SqFt and was built in 1976 and is currently vacant. The building is currently undergoing the final stages of a 40 Years Renovation Project and you can not hold. Only Fix & Flip.

Asking $124,900

Repairs: $20,000 - The property contains 1,170 SqFt and will require a moderate rehab. That includes a new kitchen & bathrooms. The building is currently undergoing a 40 Years Renovation that installed hurricane sliding door and windows and will make extensive renovations to the property. See presentation.

ARV: $175,000 to $185,000

Equity on Deal: $55,000+

Comparables: 

1. 6000 NE 22nd Way #F4 Fort Lauderdale, FL 33308 | 2/2 | 1,193 SqFt | Built 1976 | Sold on 12/09/2018 for $171,000 | Same Building. 

2. 6411 Bay Club Dr #3 Fort Lauderdale, FL 33308 | 2/2 | 1,200 SqFt | Built 1973 | Sold on 11/13/2018 for $185,000 | Dist. 0.4 miles 

3. 2200 NE 66th St #1429 Fort Lauderdale FL 33308 | 2/2 | 1,030 SqFt | Built 1979 | Sold on 10/25/2018 for $155,000 | Dist. 0.4 miles 

4. 2180NE 67th St #704 Fort Lauderdale, FL 33308 | 2/2 | 1,008 SqFt | Built 1971 | Sold on 11/12/2018 for $160,000 | Dist. 0.5 miles

Photos:

Call me or text at 954-390-2622