Under market value Deal

2708 NE 16th Ave, Wilton Manors, FL 33334

$600,000 After Repair Value -
$390,000 Asking Price -
$110,000 Cost of Repairs =
$100,000 Potential Profit

Property Details

Asking Price $390,000

After Repair Value $600,000

Costs of Repairs $110,000

Potential Profit $100,000

Living Area 1809 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $2,700

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

This Wilton Manors compound is comprised of a 2BR/1BA main house with adjoining 1BR/1BA guest/in-law quarters and a detached bonus room with a full bath. Highlights include a bright and airy Florida Room with an exposed beam ceiling and a large, in-ground spa. This property would make an ideal vacation rental because of its close proximity to Wilton Drive. Investors note: main structure can easily accommodate a garage or become a gracious 3BR/2BA home. Deep lot has ample room for a pool.

Repairs Needed

The house is livable, however to bring it up to date, new bathrooms, kitchen, floor, windows have to be installed. \r\nThe house is currently 2/1 with option to make 3/2 with the garage \r\nGreat investment opportunity big lot.

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