A vacant 4-bedroom, 2-bath single-family property with 1,606 square feet offers a substantial value-add canvas for an experienced rehab investor. The surrounding comparable sales—from $90,000 to $165,000—show meaningful resale activity, while the heavy-rehab condition creates an opportunity to add value through a comprehensive renovation rather than a light cosmetic update.
The Numbers:• 4 bedrooms and 2 baths support broad resale appeal after renovation.• 1,606 square feet provides a workable footprint for a full repositioning.• 8,160-square-foot lot adds usable outdoor space and potential buyer appeal.• Comparable sales range from $90,000 to $165,000, providing a market reference for underwriting.• Cash-purchase structure may simplify execution for investors prepared to fund the renovation.
Property Details:• Vacant single-family property, enabling a clean transition into the rehab phase once diligence is complete.• Heavy rehab required, making this best suited for an investor with strong project management and construction oversight.• Foundation is listed as a major concern; a professional structural evaluation should be a first underwriting priority and could materially affect scope and returns.• Roof age, heating system, foundation type, and mechanical details are unknown, so reserves should account for further investigation and potential replacement.• No AC is reported, creating an opportunity to modernize the home’s comfort systems as part of the renovation.• Built in 1807, the property may offer character but warrants careful inspection for age-related construction issues.
Comp Support:Reported comparable sales include $103,000, $125,000, $90,000, and $165,000. These figures support further analysis of achievable resale value, but final ARV should be validated against condition, finished specifications, and updated local comps.
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ARV $147,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $71,000.