🏠 Turnkey Rental Opportunity - 4 Bed, 2 Bath Gem in Cheektowaga, NY! 💰 ARV $250k+ | Priced at $165k | Minor Rehab Needed | High Rent Potential 📈

Erie County, Cheektowaga, NY, 14225 view full address
Listed at: September 30th, 2024
Price
$165,000
ARV
$250,000
Gross Margin
$85,000
Sq. Footage
1547
Type
Single-Family
Parking
Driveway
Year build
1956
Lot size
acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary
  • 📍🛏️ 4 Beds | 2 Baths | 1,547 Sqft
  • 🏡 Built in 1956
  • 💰 Asking Price: $165,000
  • 🏡 Zestimate: $264,200
  • 💎 ARV (After Repair Value): $250,000.                                     

📈 Investment Potential:

  • Asking Price: $165,000
  • ARV: $250,000
  • Nearby Zestimate: $264,200
  • Estimated Rehab: Minor repairs, which leaves significant room for appreciation.

Property Details

This 4-bed, 2-bath home is a phenomenal rental opportunity with only a minor rehab required!

With an asking price of $165,000, this property offers incredible value, especially considering the nearby comps.

The house next door, which is 300 sqft smaller, sold for $255,000!

 Strong Comparables in the Area!

  • 62 Betty Lou Lane: Sold for $310,000 (3 Bed, 1.5 Bath, 1,196 sqft, sold 8/16/24)
  • 895 George Urban Blvd: Sold for $280,000 (4 Bed, 1.5 Bath, 1,214 sqft, sold 11/26/23)
  • 59 Seminole Pkwy: Sold for $255,000 (6 Bed, 2 Bath, 2,320 sqft, sold 1/30/24)
  • 113 Toelsin Rd: Sold for $245,000 (3 Bed, 1 Bath, 1,164 sqft, sold 7/10/24)
  • 56 Nadine Dr: Sold for $230,001 (3 Bed, 1 Bath, 1,116 sqft, sold 8/26/24)

🏡 Why This is a Great Deal:

  1. High ARV with Minimal Rehab:
    The ARV of $250,000 means this property has significant appreciation potential. With minor repairs, you could add instant value.

  2. Amazing Comps:
    With nearby properties selling between $259,000 and $310,000, the upside here is undeniable. This property is a fantastic value considering its size and location.

  3. Perfect for Rentals:
    The area is known for strong rental demand, making this property a great buy-and-hold investment.


🏃‍♂️ Act Fast! Deals like this in Cheektowaga don’t last long! Whether you’re looking to flip or hold, this property is ready for you to turn a significant profit.

PLEASE CONTACT 845-238-4717 FOR MORE INFORMATION

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

Teeshan Udayakumar (845 -238 - 4717)

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