1325 NE 2nd Ave Fort Lauderdale, FL 33304
New flip in Fort. Lauderdale below. CLEAN AND CLEAR NO LIENS NO VIOLATIONS.
Title
| |
Listing Type
|
Sale
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Property Type
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SINGLE FAMILY
|
Price
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USD 199,000
|
Bedrooms
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2
|
Bathrooms
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1
|
Size
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1,140.00
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Lot Size
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6,753.00
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Address
| |
Status
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Active
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Description
Off Market Single Family Flip in the South Middle River neighborhood of Fort Lauderdale. The property is CBS construction with 1,140 sq ft and consists of 2 bedrooms / 1 bathrooms + home office and den with new central AC. Excellent flip opportunity in a central Fort Lauderdale neighborhood near Wilton Manors, Flagler Village, and Downtown.
SUBJECT PROPERTY
2 bedroom / 1 bath
1,140 sq ft ($174/sq ft)
6,753 sq ft lot
$199,000 Purchase Price
$30,000 Renovations
$18,000 6% Commission Paid on $299,000 ($262/sq ft)
$299,000 - $247,000 = $52,000 net (22% return on $229,000 investment)
COMPS (closed sales)
1210 NW 1st Ave 2/1 1,011 sq ft $285,000 ($281/sq ft, complete renovation)
1115 NE 1st Ave 2/1 1,100 sq ft $295,000 ($268/sq ft, complete renovation)
1525 NE 2nd Ave 2/1 825 sq ft $282,000 ($341/sq ft, rental condition w/pool)
1417 NE 3rd Ave 2/2 1,213 sq ft $306,000 ($252/sq ft, rental condition w/pool)
1210 NE 1st Ave 2/1 1,268 sq ft $240,000 ($189/sq ft, rental condition)
1342 NW 2nd Ave 2/1 1,060 sq ft $255,000 ($240/sq ft, complete renovation)
1417 NE 3rd Ave 2/2 1,213 sq ft $306,000 ($252/sq ft, updated w/pool)
1337 NE 2nd Ave 2/1 788 sq ft $220,000 ($279/sq ft, rental condition)
COMPS (active listings)
1541 NE 1st Ave 2/1 1,033 sq ft $349,000 ($337/sq ft, updated)
1408 NE 1st Ave 2/1 1,096 sq ft $229,900 *pending ($209/sq ft, rental condition)
1408 NW 3 Ave 2/1 950 sq ft $209,900 *pending ($221/sq ft, boarded up and gutted)
COMPS (closed rentals)
1441 NW 1st Ave 2/1 1,027 sq ft $1,950/mo
526 NE 13th Ct 2/1 800 sq ft $1,750/mo
1441 NW 1st Ave 2/1 1,027 sq ft $1,850/mo
1441 NE 2nd Ave 2/1 825 sq ft $1,800/mo
SUBJECT PROPERTY
2 bedroom / 1 bath
1,140 sq ft ($174/sq ft)
6,753 sq ft lot
$199,000 Purchase Price
$30,000 Renovations
$18,000 6% Commission Paid on $299,000 ($262/sq ft)
$299,000 - $247,000 = $52,000 net (22% return on $229,000 investment)
COMPS (closed sales)
1210 NW 1st Ave 2/1 1,011 sq ft $285,000 ($281/sq ft, complete renovation)
1115 NE 1st Ave 2/1 1,100 sq ft $295,000 ($268/sq ft, complete renovation)
1525 NE 2nd Ave 2/1 825 sq ft $282,000 ($341/sq ft, rental condition w/pool)
1417 NE 3rd Ave 2/2 1,213 sq ft $306,000 ($252/sq ft, rental condition w/pool)
1210 NE 1st Ave 2/1 1,268 sq ft $240,000 ($189/sq ft, rental condition)
1342 NW 2nd Ave 2/1 1,060 sq ft $255,000 ($240/sq ft, complete renovation)
1417 NE 3rd Ave 2/2 1,213 sq ft $306,000 ($252/sq ft, updated w/pool)
1337 NE 2nd Ave 2/1 788 sq ft $220,000 ($279/sq ft, rental condition)
COMPS (active listings)
1541 NE 1st Ave 2/1 1,033 sq ft $349,000 ($337/sq ft, updated)
1408 NE 1st Ave 2/1 1,096 sq ft $229,900 *pending ($209/sq ft, rental condition)
1408 NW 3 Ave 2/1 950 sq ft $209,900 *pending ($221/sq ft, boarded up and gutted)
COMPS (closed rentals)
1441 NW 1st Ave 2/1 1,027 sq ft $1,950/mo
526 NE 13th Ct 2/1 800 sq ft $1,750/mo
1441 NW 1st Ave 2/1 1,027 sq ft $1,850/mo
1441 NE 2nd Ave 2/1 825 sq ft $1,800/mo
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