This house, is obviously in need of loads of work and as such is priced accordingly. HOWEVER, the ARV and cashflow potential cannot be dismissed!!!! Currently, it is a 2 bed, 1 bath house with a wonky layout including an nonconforming bedroom and kitchenette in the unfinished basement. We submit to our investors: consider making this a duplex conversion and double your cashflow. The space is there. As a duplex the upper unit could be a 2/1 and the lower unit could be a 1/1. The demo has already been started. There is a new roof and working electrical as well.
Repair Estimate $30K
Rent Estimate $750-1200
(depending on how the layout is configured)
ARV $75k + | Asking $8,000
Offer Period ends Tuesday 3/30/21
*We do our best to provide accurate estimates based on comps, our personal experience rehabbing properties, & contractor numbers from comparable projects. We ALWAYS recommend getting your own contractor to assess the project prior to purchase. Numbers provided as a reference point.