715 S 15th St
This two story house features 3 bedrooms and 1 1/2 bathrooms. It’s spacious, but not so large that it’s a daunting remodel project. The first level has a living room, dining room, storage room, kitchen, and a half bathroom. The second level has three bedrooms and a full bathroom. The original woodwork around the dining room and stairway make for a cool vibe.
The current owner rents out the basement to a relative, and has two working HVAC units and two AC condensers; one for the basement and one for the first and second floor. Though the house could be treated as a duplex, the windowless basement may be best suited for laundry and storage rather than living quarters.
There is off-street parking accessed from the alley in the back.
The interior needs new bathrooms, flooring, misc sheetrock repair upstairs, painting, and kitchen enhancements. Cabinets appear to be in okay condition. The exterior needs gutters, one wall painted, and other paint touchups. The front porch needs rebuilt due to a slant. We are told the roof is new. Windows are old and it would of course be up to the investor whether to replace them.
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Estimated ARV: $140,000
Estimated Rehab: $50,000
Purchase Price: $45,000
Estimated rent: $1150
*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.