OFF MARKET OPPORTUNITY

 

ASSIGNABLE PURCHASE CONTRACT @ $165K

 

LARAMORE AVE - PORT CHARLOTTE

(A few Blocks from Port Charlotte Middle School & Neil Armstrong Elementary School)

 

We are in possession of an assignable purchase and sale agreement that will allow us to purchase the property located at (LARAMORE AVENUE, PORT CHARLOTTE, FL 33952. We are considering selling the purchase and sale agreement. 

 

AGREEMENT DETAILS

 

Single Family Residence

1965 Build

Bed/Bath:  2/2 (Jack & Jill bathroom with 2 separate toilet/sink areas that share one bath/shower)

Sq Ft:  1387

Construction:  Block with Shingle Roof

Lot Size:  90' x 135' (.28 acre)

Flood Zone:  X500

2023 Property Tax: $733 (VA) |  2021 Property Tax:  $2,247 (non VA)

Roof:  2014 and in very good condition with no leaks

Water Heater:  2014 (working and serviceable)

HVAC:  2016  (working and serviceable)

County Water and Sewer

Additional large storage shed/workshop with electricity.

 

This property should be a quick fix and flip or available as a rental investment property in a clean neighborhood close to schools. Oversized yard. No major damage and the existing floor tile is presentable.

 

 

Estimated Repairs:  Lower kitchen cabinets, backsplash, countertops and appliances, flooring in bedrooms, general cleanup and exterior paint.

 

$165,000 - Suggested Purchase Price (Includes Assignment Fee)

$  32,000 - Estimated Repairs

$197,000 - TOTAL COST

 

$249,000 - ARV (Median Sold Comp @ $180 per sq ft X 1,387 sq ft).  See 60 Day Sold Comps Report HERE

 

$  52,000 - Estimated Profit (26%)

 

Median Days on Market = 57

Median Monthly Rent = $1,800

 

 

 

ALL IMAGES CAN BE VIEWED BY CLICKING ON THE BELOW IMAGE!

 

 

For more details and showings please contact Larry Achtman at:

 

PH/TEXT:  770-598-9786

 

Larry@AteamSarasota.com

 

 

Property is sold “AS-IS” and requires either cash or hard-money to typically close within 7 to 14 days.

 

DISCLAIMER: This is not a guaranteed offer to contract. We reserve the right to reject any offer. The information above has been obtained from sources believed reliable. The buyer is responsible to perform due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move quickly, contact us early if there is a property of interest.