Take a look at this 4 bedroom, 1.5 bath single family home. This 1400 sqft house has so much character! It boasts: beautiful original woodwork, a driveway, garage, and a fenced backyard with a deck.
This property would make an excellent flip; the purchase price is only $16,300. This is a Subject To deal. Mortgage pay off is: $62,259.49; interest rate: 6.75%. Monthly payment is $626.00. City liens & back taxes are $6,300, and are already included in the purchase price above.
The home does need some TLC; but the ARV leaves plenty of room for added value!
*Rehab: Exterior paint, yard clean up, drywall work, flooring, paint, light fixtures, updated kitchen and bathroom. Additionally a new meter base is needed. HVAC is there but will need inspection to determin if it is in working order.
Purchase Price: $16,300
Potential Profit: $45-$50,000 +
*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 are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.