834 S 18th St
This 3/1 single family investment property (that functions as a 4/1) is an excellent buy and hold opportunity. The street has a solid number of kept up houses, and this will further add to the mix. The first floor consists of two bedrooms, living room, kitchen, and bathroom. The second floor has two bedrooms and a very large closet area. The house functions as a 4/1, but the layout of the second floor will make it appraise as a 3/1.
The roof was replaced 8 years ago, and the siding is in good condition. There is a small section of siding that still needs added. It needs a new water heater, furnace, A/C, bathroom remodel, kitchen remodel, fixtures, and interior paint. Those enhancements plus touching up paint on the soffit and front porch will make this a highly sought after rental!
The basement is a dirt basement accessed from a stairway inside the property. There was no water in the basement, but it did feel damp, and closer evaluation to see if dirt needs to be graded away from the property needs to be assessed.
The property is vacant and available for showings!
ARV: $123,000
Asking Price: $47,000
Estimated Rehab: $40,000
Estimated Rent: $1000/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.