2421 N 56th Ter, Hollywood, FL 33021
3 Beds / 2 Baths.
1,395 sqft Living Area (per tax records)
6,001 sqft Lot
1957 Year Build
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 60% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$250,000
After Repair Value:
$540,000
Investment Duration:
63 Days
Return on Investment:
60%
Rehab Cost
$35,300
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $520,000 and has made a 20% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Charles Aris
Rehab Cost Breakdown
Construction Costs
Kitchen Remodel:
- Cabinets and Countertops: $8,000
- Appliances: $4,000
- Plumbing and Electrical: $2,000
- Tile Backsplash: $1,000
- Flooring: $1,500 Total Kitchen: $16,500
Bathroom Remodel:
- Vanity, Sink, and Faucet: $1,500
- Toilet: $300
- Tub/Shower: $2,000
- Tile: $1,500
- Plumbing and Electrical: $1,000 Total Bathroom: $6,300
Flooring:
- Living Areas: $3,000
- Bedrooms: $2,000 Total Flooring: $5,000
Painting:
- Interior Painting: $2,000
- Exterior Painting: $3,000 Total Painting: $5,000
Other Improvements:
- Lighting Fixtures: $1,000
- Hardware (Handles, Knobs): $500
- Window Treatments: $1,000
Total Rehab Budget: $35,300
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