Downtown Bradenton– Fix & Flip Heavy Rehab

Description

3 Bed, 1.5 Bath single family–1 block off of Tamiami. Heavy Rehab Needed.

Property Specifics:

3 Beds

1.5 Baths

Livable SF: Currently 989 livable SF per property appraisers– the half bath and laundry room are not factored into the livable sf; they can and should be permitted to account for an additional 96 livable for a total living SF of 1,085

Lot Size: 4,309

Year Built: 1930

Electric: Replaced in 2015

AC: NA (Need central)

Water Heater: NA (needs to be replaced)

Roof: NA (needs to be replaced)

Rehab Analysis: Complete Rehab

Kitchen

Bedrooms

Bathrooms

Drywall

Doors

Windows

Floors

Roof

Water heater

AC

Plumbing

Rehab Estimate:

$50,000 to achieve condition of comps listed below

$80,000-$90,000 for turn key ARV

Comps:

1621 14th Ave W:

3/2, 1,026 SF sold for $272,500 on 11/7 (Non ARV– wholetail; new floors and re-list)
1521 19th St W:

2/1, 1,126 SF sold for $290,000 on 12/21 (Dated but clean- .25 Acre lot)
1331 16th St W:

3/1, 904 SF sold for $280,000 on 11/2 (Unknown Condition- Off Market Sale)
1519 10th Ave W:

3/1, 1,112 SF sold for $276,000 in May of 2023 (Dated but clean)