This 2 bed 2 bath house built in 1952 has a lot of features to be excited about. Great foundation, vinyl siding, back deck, detached two car spacious garage with garage door openers on both sides, and garage attic storage. The plumbing, water heater, and HVAC under the house all appear to be in good, clean condition.
The previous owner had a well-maintained rental property for the past 10 years, but just discovered the recent tenants had been living in trash and filth. The tenants are no longer there.
The house needs debris removal, deep sanitizing, a power washed exterior, new flooring, paint, and bathrooms. The kitchen cabinets were high quality material but appear to need several doors replaced. Several pieces of vinyl siding need replaced near the deck.
The roof and gutters are believed to be in good condition. The utilities are off, and the owner believes utilities and HVAC to be in working condition.
All debris needs removed prior to knowing the full extent of the rehab.
Purchase Price: $38,000
Rehab: $22,000-33,000 estimate for contractor work.
ARV: $130,000
Estimated Rent: $1000