CALLING ALL SEASONED REHABBERS LOOKING FOR AN INCREDIBLE 15% PROFIT WESTON, FL FIX AND FLIP!!! A 7,000 SF 6BR/6.5 BA house with open floor plan. This property was halted in 2015 in the beginning stages of construction. Revived the process from the previous owner and have completed the arduous permit process with the city. Full plans, with kitchen cabinets, appliances on site. Garage doors have been installed. property boasts a gourmet kitchen, movie theater, elevator, pool and outdoor kitchen. Pool plan and complete architectural design ready for owner to complete with their own style. Property ARV will be around $2.9MM upon completion. Estimated $400-500k of remaining finishes.
“As-Is” Value = $2,400,000
“AFTER-REPAIR” VALUE = $2,900,000
Estimated Repairs = $400k – $500k
DISCOUNT WHOLESALE PRICE =$1,699,000
Close By Date: On or before April 23, 2023
Access: By Appointment Only (POF Letter Mandatory)
Recommended Repair
This property will need a completion of the exterior, including the pool, landscaping and finishes. Property will also need a FULL Interior completeion. Fully approved permits and architectural drawings, $50,000 of kitchen cabinets, full Viking kitchen appliances package, 4 car garage, pool drawings and permits will be included with the purchase.
Recent Comparables
- 16200 Saddle Club Rd, Fort Lauderdale, FL 33326 sold for $3,500,000 Oct 2022. https://www.zillow.com/homedetails/16200-Saddle-Club-Rd-Fort-Lauderdale-FL-33326/43131884_zpid/
- 216764 Natures Way, Fort Lauderdale, FL 33326 sold for $2,900,000 Mar 2022. https://www.zillow.com/homedetails/16768-Natures-Way-Fort-Lauderdale-FL-33326/161770144_zpid/
- 118 Dockside Cir, Weston, FL 33327 sold for $2,300,000 Mar 2023. https://www.zillow.com/homedetails/118-Dockside-Cir-Weston-FL-33327/43126206_zpid/
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”. Buyers 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 $250,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.