Cosmetic Flip w/ Nice Margin | Meridian, MS | $115,000

Lauderdale County, Meridian, MS, 39305
Sold
Listed at: August 11th, 2024
Price
$115,000
ARV
$190,000
Gross Margin
$75,000
Sq. Footage
2151
Type
Single-Family
Parking
Attached Garage
Year build
1981
Lot size
0.41 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

Partially remodeled single family home in desirable Meridan neighborhood. 

The seller has already invested over $20,000 into several upgrades both cosmetic and functional including: 

  • New A/C / Heating unit
  • New flooring in several rooms/bathrooms/kitchen
  • Some new bath/shower fixtures
  • $10,000 retaining wall

Other features include: 

  • City water/sewer
  • Mostly cleared 1/2 acre lot with nice yard, mature trees
  • High value neighborhood with several homes in the vacinity selling for 300k or more
  • Needs new roof, possible layover due to only having 1 layer existing
  • Mostly original windows
  • Exterior is brick and wood

Suggested ARV: $190,000

Nearby Comps:

  1. 1400 N Hills St, smaller by 400 sq ft and less beds/baths is pending for 178k
  2. 5418 13th Pl, slightly larger but only 3 bed 1 bath, sold for 250k ish
  3. 334 46th Ct, 400 sq ft larger but same bed/bath count, sold for 320k ish
We are a licensed real estate broker and wholesale to a dozen states around the South and Midwest.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Joseph Waldner

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