6313 Morris Street
This 2/1 on the south end of St. Joseph is an amazing BRRR opportunity and needs only a medium level of work to be ready for new renters and be cash flowing!
It features a covered front porch, newer looking roof, mostly vinyl windows, and a good-sized back yard with a shed. A gravel parking spot could easily be added off the alley in the back for off-street parking.
The exterior paint is in good condition, though some of the window trim needs replaced. A new gutter (or gutter repair) is needed in the back. The rest of the gutters look really good. There is a small dirt basement where the furnace and water heater are kept. These are believed to be in working order. We are told the inside was repainted within the last year.
The carpet and previous kitchen cabinets have been removed. The interior needs a kitchen remodel, paint (optional), flooring, and fixtures. The bathroom needs a new toilet and vanity. The tub/shower appear to be in good condition and just need cleaned up and a new fixture added. The house does not have an air conditioner.
A $25,000 remodel will have this place looking sharp and provide excellent cash flow!
Asking Price: $50,000
Est Rehab: $25,000
Est ARV: $120,000
Est 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.