1923 Main St
This recently vacant 3/1 home on a corner lot has 5 rooms that could function as bedrooms, plus two living rooms, kitchen, and one full bathroom. It has a detached one car garage big enough for a vehicle, plus TWO off street parking spaces. Someone could do a less extensive rehab to make the numbers work for a rental, or could do a more extensive rehab and make the numbers work for a flip. There currently is a large bedroom on the main floor, and four rooms on the second floor. Based on the layout, the house would appraise as a 3/1. With a little creativity, three of the rooms upstairs could have their own access points to make the house appraise as a 4/1.
The central air is said to be working, and the furnace looked good and was working while we were onsite. The laundry hookups are in the basement.
ARV: $125,000-145,000 based on repairs
Asking Price: $55,000
Estimated Rehab: $30,000-50,000 based on repairs
Estimated Rent: $1150/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.