$4,000,000 After Repair Value -
$2,000,000 Asking Price -
$138,000 Cost of Repairs =
$1,862,000 Potential Profit

Property Details

Asking Price $2,000,000

After Repair Value $4,000,000

Costs of Repairs $138,000

Potential Profit $1,862,000

Living Area 15000 ft2

Property Type Single Family House

Bedrooms +6

Bathrooms 5

Half Bathrooms N/A

Parking 1

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $7,000

Yearly Expenses $3,000

Property Taxes $10,000

Net Operating Income $74,000

Cap Rate N/A

Property Description

1.4 Mil high equity oceanfront Land/1930s home Corner lot(perfect for a duplex) BEDROOMS +6 BATHROOMS 5 SQFT 3500 Asking Price: $2,000,000 Normal Market Value Comps(recent sales: $4,000,000 (see below)Your Profit: $1,411,000 1/2 acre oceanfront property. 6 bed 5bath 1930 cbs home 3500sf with occupants that will be out after closing. home can be demo or rehabbed with a full update. This property is priced for a quick land sale. the owner would like to close in a few weeks. contact us with serious offers, share this address with your lenders, developers and partners. Call us for showings. Recent sales/land 708 88th St, Surfside,4.5mil 700 88th St, Surfside, 3.2mil 824 88th St, Surfside, 3.9mil

Repairs Needed

Full rehab or demo to build.


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