Under contract-accepting backup offers. Investor special in the most in demand corner of Lake Shores! This light fixer upper is an absolute gold mine with endless untapped potential. Tired landlord is quite motivated and asking only 58% of ARV, but will entertain all offers.
Pros: Roof and AC 6 years old. Fully fenced backyard. Located in Opportunity Zone. Lowest price per sq foot in more than a mile radius, including distressed properties.
Cons: Needs new flooring, new appliances and water heater, as well as cosmetic interior rehab. Signs of WDO. Likely foundation issues.
Investor notes:
Flip potential: $260k ARV, with estimated $50k-70k in rehab.
LTR estimate: $1,500 /mo, with very little nearby competition. STR estimate: $40k yrly gross, at 201 /night and 54% occupancy.
Feel free to soft pitch offers to listing agent. No HOA/CDD. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and MLS info sheet. Video walkthrough also available. On non-Supra lockbox. Easy to show. No assignable contracts will be accepted.