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7 SE Dr MLK Ave, Fort Meade, FL 33841 Assigned

  • $66,900
  • 3 beds
  • 2 baths
  • 1,250 sqft

7 SE Dr MLK Ave, Fort Meade, FL 33841

Purchase Price: 66,900
Estimated Rehab: 35-45K
After Repair Value: 150,000

Flip Potential ROI: 18%
Flip Potential Net Income : 23k

Potential Gross Annual Income: 13k

Potential Gross Annual Return: 13%

3 Bedroom
2 Bath
2 Car Garage
Built: 1930

Sqft: 1,250
Ppsf: 50.32
Tax/Yr: 925.59
HOA: n/a

Selling Features:

This is the CHEAPEST 3 Bedroom SFH in the entire County, out of 1,699 available homes. This home sits on a 16,653 Sqft lot, and is made up of partial frame, and partial block construction. As a Flip, the home is in need of a full rehab, but with smaller homes within walking distance selling over 140k, this deal is certain to reward the savvy Investor with a great profit margin. As a rental, the same rehab is necessary, but with less finishes than a Flip, and once the home is renovated, placing a tenant at market rent will get this deal cash flowing at a gross 13% ROI. The beauty of this deal comes in the fact that the comps are 1,000 Sqft smaller or less, do not have garages, and are still selling above 140k. This neighborhood also features plenty of new construction over and is part of a redevelopment deal.

Available on 08.25.2020

Don’t let this excellent opportunity pass you by! Get it yours now!

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7 SE Dr MLK Ave,
Fort Meade, Florida 33841
Square Feet:
Lot Size:
0.39 acres
Assignment of Contract
Property Type:
Year Built:

Additional Features

7 SE Dr MLK Ave, Fort Meade, FL 33841. Amazing opportunity to own this home in a very desired location. Great investment Property is on an over-sized lot, larger than other properties close by. Don't miss out on the endless possibilities that this home has to offer.

Call (954) 280-5883 for more details

Property Location