1213 S 22nd Available

  • $62,000

1213 S 22nd

Welcome to this charming 1917 cottage-style house, boasting vintage appeal with modern conveniences. This cozy property features two bedrooms, one bathroom, and a total of 1,293 square feet of living space.

Ideal for a small flip or rental investment, this quaint home offers a potential monthly rental income of approximately $875. Its estimated after repair value (ARV) ranges between $125,000 to $130,000, making it an attractive opportunity for investors.

Recently upgraded with a new furnace and water heater, this home ensures comfort and efficiency. It also features a 100 amp panel with ample space for future air conditioning installation.

While maintaining its historic charm, minor repairs are needed inside, including new flooring in the kitchen and bathroom, light wall repairs, fresh paint, updated light fixtures, and minor plumbing fixes. Additionally, investing in a new roof is advisable for long-term durability.

Nestled on the property is a spacious two-car detached garage, providing TONS of space for parking and storage. Whether for vehicles or belongings, this garage enhances the property’s appeal and functionality, offering convenient storage solutions for tools, equipment, or recreational gear.

With an estimated repair budget of around $25,000, this property presents a promising opportunity for investors seeking a manageable project with significant potential returns. Discover the allure of this delightful cottage and envision the possibilities it holds for your investment portfolio.

ARV: $125,000-130,000

Asking: $62,000

Estimated Rehab: $20,000-25,000

Potential Rental Income: $875/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.

Price:
$62,000
Address:
1213 S 22nd
St. Joseph, MO 64507
Terms:
Assignment of Contract
Property Type:
Home

Call 8164488703 for more details

Property Location

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8164488703