Lehigh Acres 5/3 Flip – Heavy Interior Rehab, Newer Roof – Big Spread for Experienced Investor!!!
-
Single Family House -
5 -
3.5 -
1997 -
1920 -
10895 -
No Garage
Description
Property Overview
Address: 3717 21st St SW, Lehigh Acres, FL 33976
Price (Assignment / Cash Only): $150,000 OBO
Property Type: Single-Family Residence (Wood Frame)
Beds / Baths: 5 Bedrooms / 3 Bathrooms
Living Area: ~1,920 SF
Year Built: 1997
Roof: ~2 years old (per seller)
Occupancy: Vacant at closing (buyer to verify)
Exit Strategy: Ideal Flip or Rental Hold
Investment Highlights
- ✅ Big Value-Add Play: 5/3, ~1,920 SF in Lehigh Acres at 53% of ARV.
- ✅ Newer Roof: Approx. 2 years old – focus budget on interior systems and finishes instead of big-ticket exterior.
- ✅ Strong ARV Upside: Estimated ARV ~$290,000 based on nearby remodeled sales (buyers to verify comps).
- ✅ Multiple Exit Options: Flip for retail, or rehab to hold as a large family rental in a strong demand area.
- ✅ Simple Capital Stack: Cash or hard money only; no existing liens to assume.
Condition & Rehab Summary
This is not a light lipstick job — it’s a true value-add for experienced investors or GC buyers.
Known needs (high level):
- Full interior rehab (kitchen, baths, flooring, paint, doors, trim, fixtures)
- Plumbing updates and repairs
- Electrical updates / panel evaluation and corrections
- HVAC inspection and potential upgrades
- Exterior cosmetic touch-ups / curb appeal as needed
Estimated Rehab Budget:
- Working estimate: $70,000–$80,000
- Current underwriting uses: ~$75,000 (buyer to conduct own inspections & bids)
💰 Flip Scenario – Sample Pro Forma
- ARV: ≈ $290,000
- Purchase Price: $150,000
- Rehab Budget: ≈ $75,000
- Holding Costs (3 mo @ 1%/mo): ≈ $6,900
- Disposition Costs (7.5% of ARV): ≈ $21,750
- All-In Cost Estimate: ≈ $253,650
Numbers are estimates for marketing purposes only. Buyers must perform independent due diligence and verify all figures.
Ideal Buyer Profile
- Active flipper comfortable with heavy interior rehabs
- GC or contractor-investor who can keep rehab costs tight
- Local/nearby investor who knows the Lehigh Acres market and is comfortable with wood-frame construction in an area with newer block builds
Access & Next Steps
- Access: By appointment only. Serious buyers only.
- Due Diligence:
- Bring your GC or inspector during your walkthrough.
- Limited inspection window – property is priced for speed and certainty.
To Submit an Offer or Schedule a Walkthrough:
- Email: salesteam@blackstoneacq.com
- Phone/Text: 813-807-7838
- Reference: “3717 21st St SW – Lehigh 5/3 Flip”
Disclaimer
All information provided is deemed reliable but is not guaranteed. Buyer is responsible for performing their own independent due diligence, including but not limited to: property condition, rehab costs, ARV, rental rates, permitting requirements, title, liens, and any municipal or HOA restrictions. Property is sold as-is. Assignment of contract only; equitable interest seller.
Estimated Spread
- ARV $260,000
- Price $140,000
- Spread $120,000
Similar Properties
Off-Market Subto Wholetail Flip – Light Rehab / High Margin Opportunity in Mobile AL
$ 180,0003 Bedrooms | 2 Baths | 1,977 ft