As a Fort Lauderdale Real Estate Agent people
are always telling me: “If you ever see a good deal, let me know.”
Okay. Here are two
interesting properties I have come across in my many travels.
First is a Pool Home East
of Federal Highway in the highly regarded Cove Neighborhood of Deerfield Beach.
This is NOT a Short Sale or Foreclosure, so you will be dealing with an actual
real live human being (always a plus these days). It is Listed for just under
$300,000, and you should be able to buy this property in the high $200s.
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A spacious 1,432 square
feet, this 2 Bed / 2 Bath is situated on a very large lot (9,000 square feet),
features a free-form swimming pool (which seems to be in pretty good shape) and
a one car garage.
This home has a lot of
potential, a lot of upside. What I like is the wide open layout, You walk in
the front door and you have a large living room. Beyond that is a Florida Room
which was obviously a screened-in porch at some point in the past which has now
been enclosed.
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The Kitchen probably
needs to be upgraded if you plan on living in it, however, if you were buying
it as an investment to rent out it would not take a whole bunch of money to
whip it into rentable shape.
If you are looking to
purchase a single family home to rent out, you can give me a call or shoot me
an email and I can go over how the numbers break down, but houses in that
neighborhood rent annually between $2,000 and $2,400 per month
The Cove neighborhood of
Deerfield Beach is located between the Intracoastal Waterway and Federal
Highway south of Hillsboro Boulevard. This home's location is convenient to the
beach, to shopping and restaurants. It is five minutes up US-1 to Boca Raton,
and 10-15 minutes down to Fort Lauderdale.
The second property is a
Waterfront Home East of the Intracoastal in Hillsboro Shores, which is one of
the premier beachfront neighborhoods in South Florida. One canal has been cut
into this neighborhood. People who live in homes on this waterway are literally
minutes from the open ocean. From this home you are less than a mile by water
from the open ocean.
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With 80 feet of waterfront the house itself is large
(2,300 square feet) with a wide open layout. You are not going to find anything
in this price range and this kind of location which does not need updating, and
this property is no exception, however the upside to this home is huge. Plus,
as long as you have the space, there is plenty you can do with it.
Hillsboro Shores is a
wonderful community located directly below the Hillsboro Inlet. There is a
voluntary H.O.A. which you can join for a small annual fee and you get a key to
the gated private beach access.
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I have been watching this
property, for it’s been on the market for a while. The Seller stuck to his
price for a while, then lowered it $50,000 in May. The home still hasn’t sold,
so the Seller has lowered his price once again. This is what I call a
capitulation. He is apparently quite motivated at this point, and often in
these cases the first Buyer who submits a serious written offer can come away
with quite a deal.
I do not expect the home
to last long on the market at its current Listed price.
If you are interested in
pursuing the acquisition of either of these fine homes, contact me immediately.
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