1006 W Cliff
This two-bedroom, one-bathroom bungalow house is an excellent turnkey opportunity on the south end of St. Joseph. The home features updated electrical, a nice sized back yard, and off-street parking along the side of the home. The current tenants are slated to move out at the end of October. They are currently paying $900/mo, and are said to have taken good care of the home.
The home had $15,000-20,000 in repairs when the current investor purchased it, such as painting, flooring electrical, plumbing, etc. They just completed foundation repairs totaling $6400.
This home in as-is condition would likely appraise for $85,000-95,000 and further enhancements could bump ARV to $110,000-120,000.
Asking Price: $79,000
Estimated current appraised value: $88,000-98,000
Estimated potential ARV: $110,000-120,000
Est Rent: $900/mo
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.