🏡 Flip Project | + $140K Spread | Nice area in Milwaukee✨🌄💰

Milwaukee County, Milwaukee, WI, 53207
Sold
Listed at: May 19th, 2024
Price
$220,000
ARV
$360,000
Gross Margin
$140,000
Sq. Footage
2799
Type
Single-Family
Parking
Street
Year build
1890
Lot size
4050.00 sqft
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

Address: 2431 S Logan Ave, Milwaukee, WI 53207

4-bedroom / 1 bath Single Family Home 

Property is Vacant! Contact the Dispo Manager for access. 

Deal Takeaways:

  • Tons of spread in the deal
  • Rehab started, needs to be finished
  • ARV comps trending at 360k
  • Gutted vacant property
  • Has all new drywall throughout whole house
  • Heat and ac work fantastic
  • New roof
  • Needs all new flooring kitchen / top floor, new bathroom.

Comps

  • 2435 South Logan Ave, Milwaukee, WI 53207 - sold for 360k (literally next door property)
  • 2446 South Logan Ave, Milwaukee, WI 53207 - sold for 350k (same street)

Financials:

ARV: $360,000

Purchase Price: $220,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $360,000

(*) 94% for sale commissions

(-) $220,000 purchase price

(-) $45,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $68,400 profit

Property Details:

2,799 Home Square Feet 

4,050 SQFT Lot Size

Closing on Jun 13th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager