$234,000 · NORFOLK, VA 23503
Works for flippers

Available

$234,000Asking price

3 bd · 2 ba · 1,280 sq ft · built 1955

NORFOLK, VA 23503

No contract on file

via InvestorLift Classic

Listed Nov 3

Works for flippers

The Numbers

Sells for (ARV)From the listing: $350,000
Asking price: −$234,000
RepairsMiddle of the seller’s $30,000 – $35,000. Ours: $17,000 – $35,000: −$32,500
Loan, holding, closing20% down, 12% interest, 2 points, 73 days: −$25,757
Profit16.5% of ARV · flippers want 10%+: $57,743
Works

Works for a flipper up to $255,000.

SENDFLIP LLC

Michael Fazio

No reviews yet

Comps

ARV $350,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $338,000.

The sales behind this value are shown to members.

ARV $350,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SENDFLIP LLC

Michael Fazio

No reviews yet

Seller Description

FLIP OPPORTUNITY – Norfolk, VA 23503

TEXT Mike @ 815.600.4370 to submit your offer, request the comps, or ask questions!

Three-bedroom property with strong sold-comp support and approximately $116K between the asking price and projected resale value.

**** Garfield Dr, Norfolk, VA 23503

Asking: $234,000

ARV: $350,000

Delivery: Vacant at Closing

Property Details

3 Bed / 2 Bath
1,280 Sq Ft
8,093 Sq Ft Lot
1955 Build

Why This Deal Works

Projected resale value around $350K
Approximately $116K spread before renovation and selling costs
Strong nearby sold comps supporting the projected ARV
Desirable three-bedroom, two-bathroom layout
Solid 1,280 sq ft footprint
Large 8,093 sq ft lot
Delivered vacant at closing

Deal Terms

Delivery: Vacant at Closing
EMD: $10,000

TEXT Mike @ 815.600.4370 to submit your offer, request the comps, or ask questions!

Terms

Cash only. Property comes in “AS-IS” condition. Buyer pays all closing costs and escrow fees.

Open escrow with a $10,000 nonrefundable earnest deposit via cashier’s check made payable to our title company of choice.

Wholesalers + Realtors: Please add your fee before sending out. Price is net to seller.

Buyer must verify all information, as seller makes no claims or warranties, expressed or implied. Buyer must perform due diligence and hold seller harmless.

Wholesale price is a net-to-seller price. No SPDS, no CLUE. As-is sale. All properties are either owned, held in an equitable title position, offered through the assignment of an equitable title position, or—in some cases—co-marketed on behalf of affiliates.

None of the information above is deemed accurate and is provided for informational purposes only. Seller and its members or representatives make no guarantees concerning property condition, value, characteristics, or financial benefits.