Off Market - Gulf Cove, Pt. Charlotte - Full view of the River 21 ROI

Posted November 13th, 2017 by John King
in
Its all about the VIEW Off Market Open River View 12420 Minot Ave. Port Charlotte, FL 33981 Unobstructed views of the Myakka River This home has 3 bedrooms and 2 bathrooms with an attached 2 car garage. There is a screened in pool and the home has approximately 2,274 sqft of living space and was built in 1985. The kitchen and baths have nice granite counter tops that could be salvaged, however, the cabinets are original and dated. This home needs new flooring, paint, the pool deck could be resurfaced, needs a new roof (shingles have been purchased and are at the property), and some screens need to be replaced in the pool area. The seawall is good, pool equipment is working and pool is in good shape This home is technically on a canal but is ONLY one home from the Myakka River. There is so much potential here This one will not last long   Fix and Flip: Purchase Price: $289,000 Buying Costs: $2,000 Renovation Costs: $45,000 Total Cost of Investment: $336,000 ARV: $429,000 Selling Costs (4.5 commission included): $23,000 Net Profit: $70,000 ROI: 21 Annualized Return (90 day hold): 83