Come check out this great flip opportunity with a HUGE spread, or even a solid buy and hold! This 3 bed 1 and a half bath property also comes with the lot behind the property that has a huge 1 car detached garage big enough to fit 2 cars in. The lot is very private with nothing behind it and is fenced in. Bathroom was renovated within few years and has main floor laundry. Furnace only one year old, and water heater is approx. 10 years old. Newer appliances and vinyl windows! Plus no signs of foundation damage. You will find pictures and videos attached along with an inspection report. Depending upon scope of work and finishing touches, property has an ARV of $150k-180k with between $50k-75k in rehab. Market rent should be between $1200-1400. Half bath is located in basement which could be finishable with some work and is currently partially finished with a bar
The reason this property is being sold at such a discount is due to the following issues:
-Water issue in basement (thought to be a broken water line the city needs to repair), sump pumps are currently keeping all water out of basement
-Property is in flood plain
Video Walkthrough of interior starting in basement
Bedrooms | |
Bathrooms | |
Sq. footage |