Opportunity: This is a great opportunity to finish a rehab that’s already started, and reap the benefits. This is a good working class neighborhood with lots of families. This house features a great open floor plan. There’s some work needed in the kitchen and bathroom, but the bones are in good condition. It will be real easy to get a renter in this property at $800/per month.
Repairs: Repairs needed in SW corner of the house. Branch previously fell on the roof. Shingles have been replaced but still leaking and hole in the ceiling. Rest of the roof is in good condition. Roof was recently replaced. Rest of exterior is in good condition. Property is in the middle of rehab. Some painting, carpeting, and electrical wiring has been complete. Only two windows need to be replaced. Plumbing and wiring is in tact. No water heater. Central A/C. Needs new flooring.
Asking Price: $49,000 or Best Offer
After Repaired Value: $97,500 (Click Here to See Comps)
- Gross Cap Rate 19.59%
- Rental Cash on Cash Return 11%
- Annual ROI 18.25%
- Rents at $800/m
- Cash Flow $9,600/yr
- Stable property in great family neighborhood
- Includes 1 Car Detached Garage
- 2 bedroom/1 bath
- Price for quick sale
Number of Bedrooms: 2
Current Occupancy: Vacant
Building Square Footage: 902 sq ft
Lot Size: 7,500 sq ft
Status: Under contract by Vestor Solutions, LLC. New Buyer will be assigned the contract to close. Price includes the assignment fee to Vestor Solutions, LLC.
This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.