Waterfront Investment Property

[Diana L Williams]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $800,000
Cash invested: $3,000
Sale price: $925,000

Rare Direct Riverfront! This New Smyrna Beach Intracoastal lot is just seconds to the open ocean for deep sea fishing. Grandfathered in boat launching ramp in the backyard, sea wall and dock present. 3/2 frame 2 story house needs fix up and major remodeling. There's a nice View of lighthouse from second story, and a Coquina fireplace in the living room. $$$$ Million dollar view lot.

What made you interested in investing in this type of deal?

Waterfront- Direct deep water intracoastal

How did you find this deal and how did you negotiate it?

Research

How did you finance this deal?

Cash

What was the outcome?

Bought and flipped within 4 months