709 S 16th Street
This property offers multiple strategies!!!
If you are looking for something that is turnkey, look no further! The house is currently a 2 bed, 1 bath and it is updated through out. The property boasts a new roof, HVAC, paint, flooring, bathroom, kitchen and off street parking! The only things needed are two bedroom doors. Minimal effort and money to start cash flowing. We believe the property would rent for around $850 a month as is.
If you are looking to max out your cash flow take a look at this option. The property was previously a duplex with an upstairs apartment. It is already separately metered for electric. The upstairs unit is gutted and ready to be put back together. We believe it would cost about $46,000 to finish off a 2/1 apartment here. Recreating a second unit upstairs would add an additional $850 in rent monthly, for a total of $1700 a month between the two units.
ARV: $65,000-90,000 depending on your strategy
Asking Price: $65,000
Rent: $850 SFH, $1700 duplex
*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.