Flip or buy and hold below 35% of ARV- Picture/Video and inspection report available

Jackson County, Sugar Creek, MO, 64054
Sold
Listed at: April 3rd, 2024
Price
$60,000
ARV
$180,000
Gross Margin
$120,000
Sq. Footage
1284
Type
Single-Family
Parking
Detached Garage
Year build
1922
Lot size
7416.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
1
Summary

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

Videos

Video Walkthrough of interior starting in basement

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

Jim Godwin

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Disposition manager