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45356, OH

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45356, OH

$60,000 · PIQUA, OH 45356
Works for flippers

Available

$60,000Asking price

5 bd · 1 ba · 1,979 sq ft · built 1920

PIQUA, OH 45356

No contract on file

via InvestorLift Classic

Listed 7 days ago

Works for flippers

The Numbers

Sells for (ARV)From the listing: $175,000
Asking price: −$60,000
RepairsThe seller’s figure. Ours: $96,000 – $160,000: −$54,475
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$9,304
Profit29.3% of ARV · flippers want 10%+: $51,221
Works

Works for a flipper up to $91,000.

SOURCE REAL ESTATE GROUP LLC

Keegan Burke

No reviews yet

Comps

ARV $175,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $84,000.

The sales behind this value are shown to members.

ARV $175,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SOURCE REAL ESTATE GROUP LLC

Keegan Burke

No reviews yet

Seller Description

431 S Downing St, Piqua, OH 45356 / 5 Bed / 1 Bath / 1,979 Sqft

Off-market Piqua opportunity for serious end buyers or JV partners.

Vacant 1920 conventional-style single-family in Piqua (Miami County) on a 7,841 sqft lot, with room to reconfigure from a 5/1 to a 5 bed / 2 bath.

What makes our deals different

We provide detailed property photos. We use an in-house underwriting team, so our ARVs are built for actual investing decisions, not inflated marketing numbers.

Important notes:

• Vacant and AS-IS. Buyer to verify all systems before close

• Built 1920. Budget for lead paint and possible asbestos, plus older electrical and plumbing

• No central A/C. Heat reported as a forced-air furnace (public records list baseboard), buyer to confirm. Partial basement

• Ceiling damage in several rooms. Buyer to confirm the cause and roof condition on walkthrough

Repair Estimate: $54,475

Scope (heavy rehab to renovated finish):

• Kitchen: full replacement (cabinets, counters, appliances)

• Bathroom(s): full remodel of the existing bath, option to add a second bath for a 5/2

• Flooring: replace throughout

• Interior paint

• Drywall and ceiling repair in the damaged rooms

• HVAC: service the heat, add central A/C if desired. Update electrical and plumbing as needed for a 1920 build

• Abatement, exterior, and cleanout as needed

Estimate assumes foundation, roof, and major systems are serviceable. AS-IS. Buyer to verify on walkthrough before close.

Conservative in-house underwritten ARV with Heavy Rehab Listed: $175,000

Why this deal stands out

Recent Piqua sales in the same zip run roughly $150K to $224K. At $60,000 plus ~$54,475 in work, you're all-in around $114,475 against a $175,000 exit, roughly a $60,000 spread. 5 bedrooms with a path to a 5/2 works as a flip or a rental (Zillow rent estimate around $1,779/mo). AS-IS, inspect before you commit. Quick close: COE 11/23/2026.

Min EMD: $5,000

Serious end buyers or JV partners only. Review the photos, repair scope, and comps, then submit your best offer.