This off-market vacant lot offers a straightforward land-value and redevelopment play, with no occupied structure or major renovation burden to manage. The reported after-repair value is $190,000, while comparable sales ranging from $145,000 to $190,000 provide meaningful support for the underlying value thesis.
The Numbers:• Reported ARV: $190,000, establishing a clear benchmark for potential completed-project value.• Comparable sales: $145,000, $169,000, and $190,000, supporting a market range for similar finished properties.
Property Details:• Vacant lot with teardown/land-value condition, allowing an investor to focus on development feasibility and highest-and-best-use analysis instead of structural repairs.• Utilities are reportedly accessible, which may improve development practicality; utility availability, connection requirements, and costs should still be independently verified.• The site’s vacant status eliminates tenant, turnover, and interior-rehab considerations, making due diligence primarily about zoning, lot dimensions, utility connections, permitting, and build ability.
Comp Support:• Reported comparable sales: $190,000, $169,000, and $145,000.
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