$260,000
$260,000
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721 CARIBBEAN DR Davenport, FL 33897
3 Beds
3 Baths
1,735 SqFt
Key Details
Sold Price $260,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,735 sqft
Price per Sqft $149
Subdivision Island Club West Ph 02
MLS Listing ID O6093652
Sold Date 04/17/23
Bedrooms 3
Full Baths 3
HOA Fees $220/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 2003
Annual Tax Amount $2,381
Lot Size 871 Sqft
Acres 0.02
Property Description
Great opportunity for Investors, Flippers, or Do-It-Yourselves, to makeover a perfectly located property to either rent short or long-term, or to make as your personal residence to live in for your own enjoyment. This property has two separate living units. The primary living area has an open floor plan with a combined Living Room, Dining Room, and Kitchen. On the second floor is a Master Bedroom with an ensuite master bathroom which includes double sinks, a large bathtub, and a standup shower. There are also two other bedrooms upstairs with a shared full bath in the hallway. The secondary living area is commonly referred to as a mother-in-law suite, studio, or lockout. This unit has a private entrance and has space for an abbreviated kitchenette, plus a closet and private full bathroom. Both living areas will require updates primarily to repaint the interior and to update/refurbish the kitchen and the bathrooms. In consideration of this, you will note that the asking price is considerably below the after repair value (ARV) for the property. Recently renovated homes in this community are selling for top dollar and this property can too! If you elect not to immediately resell the property after repairs, the renovated property can become either a long or short term rental unit. Long-term rentals can reasonably be expected to provide $1600-$2000/month for the main unit and up to $900/month for the studio. As a short term rental, daily rentals of $120-$150 for the main living unit are completely in line with current market pricing. The exterior community and property maintenance is included in the low HOA fee of only $220/month. The roof was replaced in 2018, the buildings were all repainted in 2019-2020, and the streets have recently been repaved. The community offers some great amenities with a community clubhouse, fitness center, swimming pool, spa, sauna and both a tennis and basketball court. The property is conveniently located with easy access to major roads and highways that will have you at Disney World in just minutes, plus the beaches on either coast are less than 2 hours away. Also in close proximity are Universal Studios, Legoland, Sea World and numerous world class shopping areas and restaurants. With some paint and overall refurbishing, you can easily make this property either your personal residence or an excellent short or long term investment property. Come join in on the fantastic Florida lifestyle.
Location
State FL
County Polk
Community Island Club West Ph 02
Interior
Interior Features Kitchen/Family Room Combo, Master Bedroom Upstairs, Open Floorplan
Heating Electric
Cooling Central Air, Other
Flooring Tile
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Exterior
Exterior Feature Lighting, Rain Gutters, Sidewalk, Sliding Doors, Tennis Court(s)
Community Features Association Recreation - Owned, Deed Restrictions, Fitness Center, Playground, Pool, Sidewalks, Tennis Courts
Utilities Available Cable Available, Electricity Available, Sewer Connected, Street Lights, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water None
Structure Type Wood Frame
New Construction false
Schools
Elementary Schools Citrus Ridge
Middle Schools Citrus Ridge
High Schools Davenport High School
Others
Pets Allowed Yes
HOA Fee Include Pool, Maintenance Grounds, Pest Control, Pool, Private Road
Senior Community No
Ownership Fee Simple
Monthly Total Fees $220
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with KELLER WILLIAMS REALTY AT THE LAKES