Virginia Fix & Flip Deal in Chesapeake

Chesapeake, VA 23324📌

Closing Date (COE): 05/31/24

This property presents a lucrative opportunity for investors seeking a fix and flip project in Chesapeake, VA

🏡 Property Details ( Showcase )

• Bedrooms: 4
• Bathrooms: 2
• Square Footage: 1680 sqft

💰 Investment Details

• ARV (After Repair Value): $310,000
• Repair Estimate: $60,000
• Asking Price: $150,000
• Earnest Money Deposit (EMD): $3,000

🏠 Property Condition

• Requires complete interior remodel
• Structure in great condition
• Roof, foundation, and siding have no issues
• Cosmetic repairs needed on the interior

📊 Comps

1. 2105 Ardmore Ave, Chesapeake, VA 23324

   • Sold: April 11th 2024
   • Price: $335,000

2. 1322 Perry St, Chesapeake, VA 23324

   • Sold: March 7th 2024
   • Price: $320,000

3. 1705 Chesapeake Dr, Chesapeake, VA 23324

   • Sold: March 18th 2024
   • Price: $290,000

🔑 Key Information

• Ideal for a fix and flip strategy
• Offers significant profit potential with an ARV of $310,000
• Secure investment with a strong structural foundation

🏦 Financial Details

• Opportunity to purchase below 70% of ARV
• EMD required for securing the deal

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