Pompano Beach Condo Flip
Pompano Beach Condo Flip
Beachfront investment properties are in high demand, and this Pompano Beach property was swooped up by a long-time EquityPro investor in a matter of minutes as he knew its potential. Our investor purchased this two-bedroom, two-bathroom condo unit on the 7th floor for $334,500. Determined to make this property shine, our investor completed a full cosmetic interior update, including a complete kitchen and bathroom remodel, new flooring, fixtures, hardware, and interior paint. He also replaced the AC unit, totaling $50,000 for the rehab. He had an additional $35,500 in other expenses, including closing costs, utilities, and commissions. The property security guards posed some access challenges for our investor and his crew, so completion of the rehab took a little longer than expected. However, in less than seven months, this property sold for $540,000, generating a net profit of $120,000 for our investor. What a successful flip indeed!