CALLING ALL SEASONED INVESTORS LOOKING FOR A HIGH PROFIT DAYTONA BEACH FIX AND FLIP OR FIX AND RENT!!! Take a look at this 5 bedroom, 3 bath single family home located in the DAYTONA SHORES area, a highly desirable community in Daytona Beach. This neighborhood is perfect for investors seeking a FIXER UPPER in a solid blue-collar neighborhood that will re-sell quickly. Fix and Rent would be a great strategy as well with a high ROI.
“As-Is” Value = $364,880
Conservative “ARV” = $450,000
Repair Estimate = $85,120
WHOLESALE PRICE =$285,000
Close By Date: ASAP!
Access: By Appointment. Call For Access Instructions!
Recently SOLD Comps.:
- 301 5th Ave.: 4Bed/2 Bath, 1716 Sq.Ft., Duplex. SOLD $373k (not updated)
- 211 S Oleander Ave.: 6 Bed/4 Bath, 1784 Sq.Ft. Triplex. SOLD $440k (not updated)
- 428 N Oleander Ave.: 3 Bed/2 Bath, 1528 Sq.Ft. Duplex. SOLD $317k (Not updated)
- 506 Butler Blvd.: 5 Bed/3 Bath, 2,242 Sq.Ft. Quadruplex. PENDING. $649K (Some Updates)
Recommended Repairs
This property needs a FULL renovation, which should only take you 60 days to complete. Seller states roof is from 2005. A/C is window units, no central. Kitchen and bathrooms need updates for a flip. Floors need to be updated. Main plumbing pipe was replaced, but still has some issues with leaks. Sellers sister quit using one bath a while ago, started leaking into a bedroom, shower upstairs recently started leaking. Electrical might need to be redone. Ton of paint sitting in hallway, can be used for flip. Once completed, this property would sell quickly and easily generate a nice profit. Renovated properties in this community go under contract quickly and are selling for over $200 per Sq./Ft.
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. It is the Buyer’s responsibility to do your own due diligence and verify all information. Prices are NET to seller with Buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $5,000 deposit and fully executed Assignment Agreement are required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.