721 CARIBBEAN DRIVE DAVENPORT FL 33897 Sold 04/17/2023

Overview of 721 Caribbean Dr

Don't miss this townhouse for sale in Island Club West! 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.

This lovely townhouse was built in 2003 and features 3 bedrooms, and 3 full bathrooms. This townhouse for sale is 1,743 square feet, with 1,735 sq ft being air conditioned living space. The townhouse has a does not have a private swimming pool.

Directions to this property are as follows: If You Are Traveling From Hwy 192, Travel West Until You See The Sign To Take The Left Lane To Head South On Us27. Travel About 2 Miles To Sand Mine Road, Turn Right Onto Sand Mine Road. Proceed Approximately 1/2 Mile To The Community On The Right. Upon Entering The Community Proceed Straight To The Stop Sign. Turn Left Onto Caribbean Drive And Go Up The Hill To The Property Which Will Be On The Left.

Please contact your ZFC agent for more information about MLS# MFRO6093652 or any other townhouses for sale in Davenport or elsewhere in the Polk County area.