Resale Projection:

$180 per sq ft (5/4 2304 sq ft) = $415,000

Rehab Projection:

$45 per sq ft x 2304 sq ft = $103,000

Projected Profit:

$415k - 6% agent & 2% closing costs = 381k net - (170k purchase + 100k rehab) = $111,000 NET PROFIT POTENTIAL

Property Details

💰 Price: $18̶0̶0̶0̶0̶ NOW $170,000

🔨 After Repair Value (ARV): $415,000

💸 Spread: $245,000

💸 Rehab Estimate: $103,000

✨ Property Highlights:

Type: Single Family Home
Bed/Bath (2nd Level): Currently 2 bedrooms / 1 bathroom, can easily be converted to a 3/2 if wanted
Bed/Bath (1st Level): 1 bed / 2 baths + living room + garage
Size (2nd Level): 1536 sq ft
Size (1st Level): 768 sq ft
TOTAL SQ FT: 2304 sq ft
Year Built: 1986
Private Well
Septic
Foundation: Concrete Slab
Lot Size: 1.1 Acres

📅 Closing Date: December 15th, 2023

2 story home on the outskirts of Luray on one of the most desirable roads in town. Newer built in 1986 - roof, siding, windows all in good condition. Upstairs is fully gutted and ready to be closed in (new electric, plumbing, drywall, framing to be done). Downstairs is separate from upstairs, ideally create a staircase to upstairs. Basement already has electric and plumbing (1 bedroom, 1 living area, and 2 bathrooms w/ a garage). Combine the sq footage and sell for $175-200 a sq ft conservatively. Very private home on the creek. 🌟

🏡 Comparable Sales (Within 6 months) 🏡

1050 Brookstone Rd, Luray (5/6 3700 sq ft) – SOLD $950,000 ($257 a sq ft) 🏡
175 Arthur Ln, Luray (3/2 1789 sq ft) – SOLD $446,000 ($250 a sq ft) 🏡
157 Heritage Dr, Luray (3/2 1440 sq ft) – SOLD $346,000 ($240 a sq ft) 🏡

🗺️ LOCATION 🗺️

🕗 6 min Downtown Luray 🕗

🕗 10 min Shenandoah National Park 🕗

💰 Brokers/Agents Welcome - 2.5% Commission 💰

📞 FOR MORE DETAILS & ADDRESSES, PLEASE CONTACT ALBERT 📲 954-552-6047 📞

DISCLAIMER:

Only Cash Offers Considered. Buyer to conduct their own due diligence prior to making an offer - we are not making any representations of condition of property. Deposits for all properties are non-refundable provided clear title is in place. Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.