Description: This Property is a !!!Goldmine!!! This was a fire damage but has been completely restored everything is all new and its already been gutted and reframed even the foundation has been repaired. To many amenities to name! this property is ready to finish and LIST in 30 days!
*ARV: $151,000 (Comes with Pre appraisal paperwork)
*Taxes: $1,057.00/Annually
Estimated Repairs: $55,440 (based on 70% of total repair @ $25sqft-$30sqft)
2019 Taxes: $900.00
*Total Investment: $105,560.00
Neighborhood ARV: $125,000-$199,000
Realtor Fee: $9,600 (6% of sell price)
Potential Profit: ($55,560 / 33% Profit Potential)
Comps:
Renovated:
649 W 39th Ave 3bd*1 Bath *1.617sq (Redo) Sold $172,000*03/20/23
4346 Massachusetts St 3bd*1 Bath *2,468sq (Redo) Sold $125,000*04/29/24.
4456 Washington St 4bd*2 Bath *1,756sq (Redo) Sold $158,500*12/27/23.
4363 Washington St 4bd*2 Bath *1,723sq (Redo) Sold $199,000*07/28/23.
Not Renovated:
225 E 43rd AVE 3bd*2Bath *2,468sq Sold $27,500*03/28/24.
4373 Pennsylvania St 4bd*2 Bath *2302sq Sold $27,500*03/26/24
4363 Washington St 3bd*2 Bath *2360sq Sold $27,500*03/28/24.