Flip of the year - Winchester, KY, 40391

Clark County, Winchester, KY, 40391
Sold
Listed at: January 12th, 2024
Price
$75,000
ARV
$196,000
Gross Margin
$121,000
Sq. Footage
2162
Type
Single-Family
Parking
Unassigned
Year build
1940
Lot size
0.12 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

Details:

  • 4bd/1ba with 2162 sqft
  • Built in 1940
  • Tenant Occupied
  • Closing on or before 02/04/24
  • Market Rent: 1500/month
  • Current Rent: 600
  • Could be configured as a Duplex!


  • ARV is $196,000 based on the following comps:
  • 14 Fitch Ave is a 3 Bd/2 Ba with 2,130 sqft that sold for $180,000 on 09/01/23
  • 231 W Hickman St is a 3 Bd/2 Ba with 2200 Sqft that sold for $215,000 on 03/27/23

Repairs:

Roof: Comp. Shingle / Needs updating

HVAC: Aged, Needs updating

Flooring: Need updating

Kitchen: Need updating

Bathroom: Need updating

Windows: Needs updating

Foundation: Crawl, No known issues. buyer to inspect

Other: Duplex needs 2nd meter / 2nd bath needs finished

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Andy Klunder

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Disposition manager