GREAT FIX AND FLIP OR BUY AND HOLD

Description

Photos: https://drive.google.com/drive/folders/1rnmnc3tIOdndNfZHWm8xMJWQdBvAQWfV?usp=drive_link

4 bed | 2 bath |1600 sf DUPLEX

6752 sf | 1955 yr

comps $555k-575K

3/1 – Rented for $2400 lease expires 10/31/24, but want to stay long term

1/1 – Rented for $1560 lease is month to month. Tenant been there 7 years. Market rent is $1800

Roof is 7 years

2 electrical meters

1 water meter – bill split between tenants. Owner has no responsibility

Updated irigation system

total area 1864 sf

Comparables:

1001 S L ST APT 1

LAKE WORTH BEACH, FL 33460-5193Parcel ID # Lot Size: 6,752 sf Waterfront: No

38-43-44-27-01-036-0090 Total Area: 1,616 sf Garage: No Last Sale: $555,000 on 09/29/2023 ($353.95/SF) Bedrooms: 4Baths: 2 Living Area: 1,568 sf Pool: No Distance: 0.05 miles Year Built: 1969 Stories: 1

2. 307 S PALMWAY

LAKE WORTH BEACH, FL 33460-4632Parcel ID # Lot Size: 6,247 sf Waterfront: No

38-43-44-21-15-105-0100 Total Area: 1,704 sf Garage: No Last Sale: $575,000 on 10/31/2023 ($337.44/SF) Bedrooms: 4Baths: 2 Living Area: 1,704 sf Pool: No Distance: 0.68 miles Year Built: 1928 Stories: 1