206 S 15th St
Here’s a solid investment opportunity in the heart of St. Joseph! This 2-bedroom, 1-bath home offers strong potential with key updates already in place, including a newer furnace and updated electrical panel. The majority of the interior walls are in good condition, giving you a head start on your rehab.
The home does need a new roof and a full cosmetic overhaul, but with an ARV around $120K and an estimated $50K in repairs, there’s room to build equity or cash flow as a rental. Located near downtown amenities, schools, and public transit, this property is ideal for investors looking to add value.
Selling As-Is – bring your vision and your toolbelt!
ARV: $120,000
Asking Price: $25,000
Estimated Rehab: $50,000
Estimated Rent: $850/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.