🔥 BIG Profit Flip w/ 140K+ Gross Profit Potential in Portsmouth🏠

Portsmouth, VA, 23704
Sold
Listed at: March 27th, 2024
Price
$92,500
ARV
$241,000
Gross Margin
$148,500
Sq. Footage
1053
Type
Single-Family
Parking
Driveway
Year build
1924
Lot size
0.06 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Great flip or buy & hold opportunity in quiet family-friendly neighborhood! Property is located on the corner of Elm Ave & Portsmouth Blvd. New development all around, don't miss your opportunty to flip or hold this beauty in a desired area. Property needs complete rehab.

Property Details:

  • Single Family 3br1ba 1,053sqft 1924yr built
  • Potential to add an extra BR/BA on 1st floor
  • Rent Zestimate®: $2,149
  • Renovated comps as high as $280K
  • Newer HVAC & Hot Water 
  • Property is vacant on lockbox, private showings upon request
  • Please message the dispo manager for details

Comps:

  • 2102 Elm Ave. 4/2/1689  sq ft for 280k on 10/27/23
  • 2114 Peach St. 3/2/1296 sq ft for 234k on 1/29/24
  • 2205 Richmond Ave. 3/2/1100 sq ft for 209k on 12/19/23.

Additional Disclosure:

  • Property Is being Sold AS-IS
  • Seller is a Licensed Agent & has Equitable interest in the property
  • $5,000 NON- Refundable EMD Required, If Title is not clear, buyer will be refunded
  • Photocopy & Proof of Funds Required, before Scheduling Walkthroughs
  • Buyer WIll pay All closing Cost + Both Sides of Transfer Tax
  • Real Estate Agents & Wholesalers Are Welcome, Please Add you Fee/ Commission on top of Asking Price
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nick Mason

No reviews

Disposition manager