1+ Acre Flip in Richmond - Richmond, KY, 40475

Madison County, Richmond, KY, 40475
Sold
Listed at: September 12th, 2024
Price
$115,000
ARV
$209,000
Gross Margin
$94,000
Sq. Footage
1272
Type
Single-Family
Parking
Unassigned
Year build
1990
Lot size
1.70 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Details:

  • 3bd/1ba with 1272 sqft
  • 1.7 Acres
  • Vacant
  • Closing on or before 09/16/24
  • Market Rent: $1,600.00
  • Current Rent: N/A
  • Great bones for a Great flip!

ARV is $209,000 based on the following comps:

 

  • 220 Greens Crossing Road in Richmond, KY, 40475 is a as is, not renovated 1012 SqFt, 3 Bed / 1 Bath that sold for $160,000 on 5/10/2024 ($158.1 per SqFt)
  • 121 Estonia Drive in Richmond, KY, 40475 is a clean but outdated 1356 SqFt, 4 Bed / 1 Bath that sold for $206,300 on 7/19/2024 ($152.14 per SqFt)
  • 4240 New Irvine Road in Waco, KY, 40385 is a renovated 1000 SqFt, 3 Bed / 1 Bath that sold for $183,500 on 6/15/2023 ($183.5 per SqFt)

Repairs:

 Roof: Age unknown. Seems to be in decent shape

HVAC: Age unknown

Flooring: Needs replacing

Kitchen: Dated. Needs updating

Bathroom: Needs updating

Windows: Good shape

Foundation: No known issues

Other: Good bones

 

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

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

Andy Klunder

No reviews

Disposition manager