ALTON, IL 62002

627 Quincy Ct, Alton, IL 62002 — Investor Opportunity Package

Property: 3 Bed / 1 Bath | 896 sq ft

Transaction Details

• Walkthrough Date: November 13th
• Closing Date: 30 days
• Occupancy: Vacant
• Access: Lockbox
• Earnest Money: $3,000
• Proof of Funds: Required

Property Condition

• Roof: Good shape, no leaks
• HVAC: No AC
• Plumbing: Good
• Electrical: Good
• Foundation: Good
• Interior: Needs cosmetic rehab

Comparable Properties (Flip / Sold Comps)

• 612 E 9th St, Alton, IL 62002 — 2BR/1BA, 768 sq ft | Sold for $99,000

Exit Strategy #1: Flip

• ARV: $105,000
• Purchase Price: $17,500
• Estimated Rehab: $45,000
• Total Cash In: $62,500
• Estimated Gross Spread: $42,500

Exit Strategy #2: Rental

• Purchase Price: $17,500
• Estimated Rehab: $20,000
• Total Investment: $37,500
• Estimated Rent: $1,000/Month
• Rent comps:
  • 604 Stowell Ave, Alton, IL 62002 — 3BR/1BA, 1,050 sq ft | $900/mo
  • 2120 Main St, Alton, IL 62002 — 3BR/1BA, 795 sq ft | $1,000/mo
  • 2308 Crawford St, Alton, IL 62002 — 3BR/1BA, 1,120 sq ft | $1,100/mo
  • 2016 Salu St, Alton, IL 62002 — 3BR/1BA, 1,073 sq ft | $1,100/mo
  • Alton, IL market average — 3BR | $1,196/mo

Exit Strategy #3: BRRRR Potential

• Purchase Price: $17,500
• Estimated Rehab: $20,000
• Total Cash Invested: $37,500
• CMV (refinance basis): $70,000
• Refinance Loan (80% LTV): $56,000

Next Steps

• Contact us for additional information
• Schedule a property walkthrough
• Make an offer directly on this listing
• Submit proof of funds
• Sign assignment agreement

Disclaimer: This listing represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. 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.