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Description
Property Overview
- List Price: $319,900
- Full Address: 1613 NW 12th St, Fort Lauderdale, FL 33311-5819
- Property Status: Active
- Property Type: Single-Family Home
- Bedrooms: 3
- Bathrooms: 1
- City: Fort Lauderdale
- State: Florida
- Zipcode: 33311
- Country: USA
- Neighborhood: Lauderdale Manor
- Community: Fort Lauderdale
- Property Size: 936 Sq Ft
- Lot Size: 6,751 Sq Ft
- Year Built: 1953
Investment Summary
This 3-bedroom, 1-bath single-family home in Lauderdale Manor is a great opportunity for a fix-and-flip investor. With an ARV (After Repair Value) up to $390,000 – $460,000, it offers potential for a profitable resale after moderate renovations.
Realtor Inputs & Market Insights
- Comparable Sales:
- 1113 NW 11th Pl – Sold for $480,000 (3 Bed/2 Bath, 984 Sq Ft)
- 1628 NW 16th St – Sold for $390,000 (3 Bed/1 Bath, 912 Sq Ft)
- 1313 NW 11th Pl – Sold for $240,000 (3 Bed/2 Bath, 984 Sq Ft)
- ARV (After Repair Value): $390,000 – $460,000
- Predicted Appreciation (5-10 Years): 4-5% per year
- Estimated Rental Income: $2,400 – $2,750/month
- Rental Comparison:
- 3-bed rentals in the area average $2,400/month
- Updated homes can rent for up to $2,750/month
Operating Expenses: Estimated at 30% of gross income
Investor Strategy
- Primary Strategy: Fix & Flip – Moderate rehab needed to maximize ROI.
- Secondary Strategy: Buy & Hold for Rental Income – Consistent demand in a growing rental market.
- Occupancy: Vacant
- Current Condition: Requires Cosmetic Updates & Some Repairs
- Estimated Repair Costs: $40,000 – $60,000
Permits & Compliance
- No known liens or violations (Needs verification)
- Inspection Reports: Property sold as-is; inspections recommended
Breakdown of Repairs Needed
| Repair Category | Estimated Cost |
| Interior Remodel (Kitchen, Bathroom, Floors, Paint, Fixtures) | $25,000 – $30,000 |
| HVAC, Plumbing, Electrical Updates | $7,000 – $12,000 |
| Roof Inspection & Repairs (if necessary) | $5,000 – $8,000 |
| Landscaping & Exterior Enhancements | $3,000 – $5,000 |
| Total Estimated Costs | $40,000 – $60,000 |
Market Trends & Appreciation
- Lauderdale Manors, FL Housing Market Trends:
- Typical Home Values: $376,144
- 1-Year Value Change: +3.8%
- Projected 1-Year Growth: +3.9%
- Median Listing Price: $376,144
- Average Days to Pending: 30-40 Days
Final Takeaway for Investors
This 3-bedroom home in Lauderdale Manor is centrally located and offers excellent potential for both fix-and-flip or buy-and-hold strategies. With comparables reaching up to $480K and renovation costs in a manageable range, this property is a strong opportunity for savvy investors.
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Disclaimer
Properties are being sold as-is, and The buyer is to pay all closing costs unless otherwise stated. No representations written or oral are made concerning the properties above. Price is based on cash or hard money offers and is net to the seller. All offers on properties require a non-refundable earnest deposit and have an average 15-day close of escrow. Buyers to do their own independent due diligence. The Property Flip LLC and or its employees or members make no guarantees concerning the property value, condition, characteristics, or financial benefits. Equal Opportunity Housing. One or more employees or members of The Property Flip LLC are licensed real estate agents in the state of Florida.
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Address: 25562 E. Sunrise Blvd., Suite 2104, Fort Lauderdale, Florida, 33304