501 Blake St
This 2/1 property on a corner lot functions as a 3/1, plus has a bonus room off the kitchen at the landing of the stairs. This house could work as either a flip or a hold, and has potential for excellent curb appeal.
Layout: There is a large bedroom on the first floor, plus a living room, sizable kitchen, and full bathroom. The second floor has two bedrooms, but you have to go through the first to get to the second.
Work needed: The roof appears newer and the house does have gutters. It needs a good cleaning inside and out, new interior paint, porch paint, floors, fixtures, bathroom, and kitchen. The HVAC and water heater are said to be working. The last residents were tenants who moved out in the last month, and utilities are off, so the seller was not able to confirm full working condition.
There is a newer electrical panel and water heater.
ARV: $130,000
Asking Price: $56,000
Estimated Rehab: $34,000-40,000 pending level of finishes
Estimated Rent: $1000-1100/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.