This property features two bedrooms and one bathroom, complemented by a newly installed roof and updated electrical systems. Both the windows and siding are finished with high-quality vinyl, ensuring durability and excellent condition throughout. While minor repairs are needed to prepare the property for rental, the investment potential is significant. Once restored, the property is estimated to be valued at $120,000. An astute investor could acquire and renovate this property at a total cost amounting to only 70% of its post-repair value, presenting a remarkable opportunity for equity growth. This property is approximately 850 SQFT. Potential rental income would be approx $875-900/mo.
Asking price: $60,000
Estimated Repairs: $25,000
ARV: $120,000
Rent: $875-900/mo