MFH Duplex 3/1 with 1,802 SF in Fort Lauderdale. Estimated repairs $75K. Strong ARV of $624,000 offers 28% equity spread. Potential 13.3% gross rent yield at $5,000/mo. Wholesaler-vetted deal from Home Venture Investments.
3 Beds
1 Baths
1,802 Sqft
Built 1953
MFH Duplex
5,250 Sqft Lot
Asking
$420K
Wholesaler Price
ARV
$624K
Wholesaler Estimate
Spread
$204K
67¢ on the dollar
ARV Comparison
Wholesaler ARV
$624K
67¢ on the dollar
Rocket ARV
$470K
89¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
5,250 SF
Lot Size
Stucco
Exterior
Roll Tar & Gravel
Roof Type
RS-8
Zoning
DORSEY PARK THIRD ADD 24-24 B
Subdivision
Highlights
$174K spread
ARV $624K
$75K repairs
$5,000/mo rent
Multi-family
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$2,740/mo
Market Rent Estimate
$2,050
$3,440
$32,880
Annual Rent
7.8%
Gross Yield
$1.52
Rent/Sqft
$913
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$285,610
Annual Tax
$6,133
Tax Year
2024
Effective Tax Rate
2.15%
Sale History
Public Records
Last Sold: 1970-12-01T00:00:00.000Z
$6,100
+10130% appreciation ($618K) in 55 years
