Red hot investor special in the most desirable corner of Lauderdale Lakes! This light fixer upper pool home on a corner lot is a rare treat. The retiring landlord is quite motivated and is asking only 74% of ARV, but will entertain all offers.
Pros: Updated kitchen with modern appliances, pool pump new and everything functional, AC/WH only 3 years old. Hurricane shutters, public water but shallow well for pool/irrigation system. Quality tile and laminate flooring throughout.
Cons: 10 year old roof is leaking in living room. Needs new roof and minor water damage remediation. Random damage in garage, back patio and smaller bathroom. Last tenants did a number on the place after the owner freshly renovated it.
Investor notes:
Flip potential: $461k ARV, with $30k-60k in rehab.
LTR estimate: $2,500 /mo, with NO nearby competition. STR estimate: $67k yrly gross, at 337 /night and 55% occupancy.
Feel free to soft pitch offers to listing agent. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and listing info sheet. No HOA/CDD.