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Description
Property Overview
- List Price: $190,000
- Full Address: 245 SW 5th Ave, Florida City, FL 33034
- Property Status: Active (Unapproved Short Sale)
- Property Type: Single-Family Home
- Bedrooms: 4
- Bathrooms: 3
- City: Florida City
- State: Florida
- Zipcode: 33034
- Country: USA
- Neighborhood: Florida City
- Community: Town of Florida City
- Property Size: 2,390 Sq Ft
- Lot Size: 7,500 Sq Ft
- Year Built: 1926
Investment Summary
This 4-bedroom, 3-bathroom single-family home in Florida City is a value-add opportunity for investors looking to fix and flip or hold as a rental property. The property is structurally sound but requires a full rehab, including interior finishes, HVAC, and potential code violation resolutions.
With recent comparable sales ranging from $325K to $645K, a properly executed renovation can generate significant returns.
Realtor Inputs & Market Insights
- Comparable Sales:
- 776 NW 10th St – Sold for $325K (11/2024, 3 Bed/2 Bath, 2,581 Sq Ft)
- 881 NW 10th St – Sold for $645K (08/2024, 4 Bed/3.5 Bath, 2,495 Sq Ft)
- ARV (After Repair Value): $500,000
- Predicted Appreciation (5-10 Years): 4-6% per year
- Estimated Rental Income: $3,500 – $4,000/month
- Rental Comparison:
Investor Strategy
- Primary Strategy: Fix & Flip – Large profit margins in a growing market
- Secondary Strategy: Buy & Hold for Rental Income – High appreciation and strong rental demand
- Occupancy: Vacant
- Current Condition: Requires full renovation
- Estimated Repair Costs: $120K – $150K
Permits & Compliance
- Liens/Violations: May have open permits and violations
- Inspection Reports: Property sold As-Is; inspections recommended before submitting offers
Market Trends & Appreciation
- Florida City Housing Market Trends:
- Typical Home Values: $457,000
- 1-Year Value Change: +6.8%
- Projected 1-Year Growth: +4.0%
- Median Listing Price: $547,483
- Average Days to Pending: 30-45 days
Final Takeaway for Investors
This property is an ideal investment for fix & flip investors looking to capitalize on strong appreciation trends in Florida City. With an ARV of $500K+, strong rental demand, and limited inventory, this deal is expected to move fast.
Serious investors should act quickly!
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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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