Davenport, FL 33897,721 CARIBBEAN DR
Davenport, FL 33897,721 CARIBBEAN DR
Davenport, FL 33897,721 CARIBBEAN DR
Davenport, FL 33897,721 CARIBBEAN DR
Davenport, FL 33897,721 CARIBBEAN DR
Davenport, FL 33897,721 CARIBBEAN DR
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$260,000

$260,000

Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

1,735 SqFt


SOLD DATE : 04/17/2023

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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Stellar MLS
Listed by IRM INVEST., REAL EST.& MGMT.
Bought with KELLER WILLIAMS REALTY AT THE LAKES
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