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Virginia, VA

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Virginia, VA

$163,000 · NEWPORT NEWS, VA 23607
Works for flippers

Available

$163,000Asking price

3 bd · 2.5 ba · 1,665 sq ft · built 1974

NEWPORT NEWS, VA 23607

No contract on file

Price Drop

via InvestorLift Classic

Listed Oct 23

Works for flippers

The Numbers

Sells for (ARV)From the listing: $310,000
Asking price: −$163,000
RepairsMiddle of the seller’s $35,000 – $40,000. Ours: $40,500 – $73,000: −$37,500
Loan, holding, closing20% down, 12% interest, 2 points, 75 days: −$20,013
Profit28.9% of ARV · flippers want 10%+: $89,487
Works

Works for a flipper up to $217,000.

DIRECT WHOLESALE DEALS

Tony Anderson

No reviews yet

Comps

ARV $310,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $242,000.

The sales behind this value are shown to members.

ARV $310,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

DIRECT WHOLESALE DEALS

Tony Anderson

No reviews yet

Seller Description

Overview

Value-add opportunity at 731 22nd St, Newport News, VA 23607, featuring 3 bedrooms, 2.5 bathroom, and approximately 1,665 sqft, built in 1974. The property includes an attached garage, covered front porch, and driveway, offering renovation potential for investors.

Asking Price: $163,000 | Estimated ARV: $310,000

Potential Spread: $131,000 Before Repairs, Financing, Holding, and Transaction Costs

Transaction Details

Closing Date: TBD

Occupancy: To be confirmed Access instructions: Contact us to arrange a walkthrough

EMD: $5,000

Property Condition

Roof: Age and condition to be verified

HVAC: Type, age, and condition to be verified

Plumbing: System type and condition to be verified

Electrical: Service capacity and condition to be verified

Foundation: Type and condition to be verified

Interior: Condition and renovation scope to be determined during walkthrough; interior photos not provided

Comparable Properties

72 Sycamore Ave, Newport News, VA 23607 — $337,000: 1,748 sqft | 4/2 bed/bath | Sold 12/19/2024,

2211 Parish Ave, Newport News, VA 23607 — $300,000: 1,700 sqft | 4/3 bed/bath

Next Steps

Schedule a property walkthrough

Make an offer directly on this page

Sign assignment agreement

Disclaimers

IMPORTANT: The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence, including verifying property specifications, lot size, zoning, condition, comparable sales, renovation costs, and projected resale value. ARV is an estimate, not a guarantee. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity — this contract is being offered to multiple investors.