Wholesale Deal: SWFL Waterfront 2.87 acre Single Family HUD Home

[Christopher Aleman]

Wholesale Deal: SWFL Waterfront 2.87 acre Single Family HUD Home

4 bedrooms (possibly 6BR), 3 bathrooms, 2040 Sqft, Built 1981 on a 2.87 acre lot in Naples, FL!

Perfect property for a savvy buyer with vision. It will make great addition to a flipper or rental portfolio. 3245 19th Ave SW is a single family residence in (Southwest Florida) Naples, Fl 34117, this property features 4 BR (possibly 6), 3 BA, 2.87 acre lot, and 2,040 sqft of living space. 

It is a waterfront property with direct access to the Golden Gate canal which flows directly into the Naples Bay-perfect for boats and fishing!

The property only needs cosmetic work and landscaping. I acquired the home from HUD! Great benefit of HUD Homes are that they provide a PCR before purchasing the property, insuring the electrical, plumbing, roof, HVAC, etc, are all FULLY FUNCTIONAL. We had a contractor estimate repairs at $50,000 to avoid over-improvement, but I've considered repair cost at a bit more to provide the investor more of a cushion for piece of mind.

Repair cost: $60-$70k

Asking Price: $289k- Cash only

The estimated after repair market value for this home is $500,000. Take a look and view the comps sold in the last 6-9 months. 

• 3190 31st Ave SW,
  Naples, FL 34117 Sold for $499,000 on 05/04/2018
• 3660 23rd St SW,
  Naples, FL 34117 Sold for $450,000 on 02/09/2018
• 3461 27th Ave SW,
  Naples, FL 34117 Sold for $647,000 on 05/25/2018
• 4930 Hickory Wood Drive,
  Naples, FL 34116 Sold for $700,000 on 07/13/2018
• 2640 White Blvd,
  Naples, FL 34117 Sold for $430,000 on 04/13/2018

Click below:

Additional Photos and Video Walk-through.