210 NW 55th St Fort Lauderdale, FL 33309
Buy, Fix and Hold
210 NW 55th St is a single family located in Broward County. It has 2 Bedrooms and 1 Bath & 1,066 sqft. Built in 1957.
The Deal
- Property acquired 2019
- Single Family 1,066 sqft
- Lot – 5,500 Sqft
- Located in Broward County
- 2bd/ 1ba
- Build in 1957
- Purchase Price: $115,500
- Rented for $1,850 / Monthly
The Story
Our Acquisition Manager, Nissan, met with Mr. Derek and as most sellers- he kept a tough exterior and wanted the best price for his home.
Shortly after Mr. Derek and Nissan connected and earned each other’s trust, Nissan realized that Mr. Derek, his wife, and his son were in a dire need to sell.
Mr. Derek had suffered a heart attack in the months leading up to their meeting. In this case, they wanted to move quickly and needed the cash for expenses that had piled up.
Nissan sympathized with them and tried to move things as quickly as possible. Eventually, the deal happened and everybody was happy.
The Outcome
Snuggled in the North Andrews neighborhood & close to great schools and major highways- this newly renovated single family home has gotten a facelift on all ends.
A new & updated kitchen, fresh paint, updated bathroom, new roof, storm proof windows with a huge back yard for gatherings with family and friends.
Property After Repair Value: $270,000
Purchase Price: $115,500
Repairs: $49,649.72
Equity Generated: $104,850.28
Project turnaround: 4 months
Rented for: $1850
