Is this a GEM? you decide. I stumbled across this " Bank Owned " property doing searches for a client and when contacting the institution they told me that they wanted 2.6 Million for it (Firm). Understanding current market conditions " Pre and Post Hurricane Irma HELLO " I decided that a little digging was necessary. Here is the quick and dirty on only some of what I found out in 3 days and one inspection report. Cut and paste link for complete details.
https://www.dropbox.com/s/0q3ycte65nyuk7o/11280%206th%20Avenue%20Gulf%20Inspection%20Report.pdf?dl=0
1. Monroe County only reconizes this property as a 4 Bedroom 4 Bathroom and the City of Marathon has no record of any permits being pulled. A big problem if your investors looking for a vacation rental and the City says you can't ulitize those extra bedrooms for rental income. Inaddation when it was last rented through the City it was only rented as a 3 Bedroom 3 Bath, I was told???
2. MLS #567040 right around the corner, an amazing property, and totally re-done, sold in March of 2016 for 2.6 Million, worth looking up when compairing price, age, and condition and location.
3. When speaking to individuals caring for the property after hurricane Irma, there was further extensive damage to the property etc. that no one really wanted to talk about?
Deal or Dud ?
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