Cash Only $$$ Calling All Investors $$$ Great Profit Potential for sale in Vero Beach, Florida

$53,500

This 2 Bedroom 1.5 bath home features 2 bedrooms (12' by 10' and 8' by 9'), Living Room, Dining Room, Kitchen, Den, Laundry Room, and 1.5 Baths. The home has a very large main bath with tons of potential! There is also the possibility to convert the Den into a 3rd bedroom with private 1/2 bath. The home also features a wood burning fireplace.This home sits on a large 0.54 acre lot on 65th street. Dimensions are 60' by 410' with a portion of the rear yard being fenced in. If you are not familiar with 65th street it is a two lane road with a 45 mph speed limit but traffic is low. Most of the homes located on 65th street have an average lot size of a 1/2 acre or more. Two of the comps listed below are located on the same street!The home needs tlc/updating with repair costs being estimated at $15,000 to a high end of $20,000. Repairs include: Interior paint, flooring, kitchen cabinets, counters, and appliances, main bath needs new toilet, tub, vanity, and tile work, 1/2 bath needs new vanity and toilet, some interior doors, a new rear door, and some odds and ends. Electrical is on the old buss fuses and can be upgraded. There are no utilities turned on in the home so we do not know if the a/c unit is functional but our estimated costs assume it is not.***The Roof Was Replaced In 2005***At a $110k ARV, $53.5k Purchase Price, and $15k in repairs there is a $41,500 profit potential (not accounting for closing or holding costs)Call Frank at

for more information or to view the home.Email for additional photos.Cash Offers Only------------COMPS-----------------------------ACTIVE LISTINGS$140 65th Street ***SAME STREET***Lot 0.65 Acres2 Br 2 Ba 1,201 sq. ft.$060 65th Street ***SAME STREET***Lot 0.55 Acres2 Br 2 Ba 1,140 sq. ft.SOLD$110,000 Sold 12/146456 51st AvenueLot 0.65 Acres2 Br 1 Ba 784 sq. ft.$148,000 Sold 4/146585 58th AvenueLot 1 Acre2 Br 2 Ba 1,337 sq. ft.4700 65th Street, 32967


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