💎Luxury West Chester

Estate w/ $1.85M Gross Margin Potential

Fix Flip w/ Pool,No HOA

📹Video Walk Through

Buy: $1,250,000

ARV: $3,100,000

Call or Text Us: 321-384-5006

Property Details:

• 🛏️ 10 Bedrooms, 10 bathrooms
• 🌳 Lot Size: 5.1 Acres
•  5 Parking spaces - Attached garage(2) driveway(3)
• Indoor swimming pool
• 💵 No HOA
• ❄️ Heating & Cooling: Central
• 🔨 14K sqft above grade finished
• 🧱 3 Kitchens
• Home Theatre room.
• Finished basement - 4000 sq ft

Click Here For Pictures

Property Details

This expansive property sits on a 5.1-acre lot and boasts 14,000 square feet of finished space, with a potential for 20,000 square feet. The home includes 10 bedrooms, 10 bathrooms, 3 kitchens, a home theater, and a finished 4,000-square-foot basement. It also features an indoor swimming pool, making it a luxury estate with a secluded feel. Significant repairs are estimated to range between $500K to $750K, leaving a potential profit margin of $1M or more.

Pictures: 
https://drive.google.com/drive/folders/1X8sQvRruZl8uJ_FdGg9143VY2Vy2u444?usp=sharing

Comps:

1 Bittersweet Dr, West Chester, PA 
Sold on 12/18/23 $3,150,000

3 Bittersweet Dr, West Chester, PA 19382
Sold on 05/31/24 $3,215,000

1156 Eleni Ln, West Chester, PA 19382
Sold on 08/30/24 $2,800,000

55 Green Ln, Malvern, PA 19355
Sold on 01/18/24 $2,999,500

Investor Analysis

Pros

1. High ARV and Profit Potential: With a projected ARV of $3.1M and repair costs leaving room for a $1.2M+ profit, this property offers substantial financial upside for investors.
2. Massive Living Space: The 14,000-20,000 sqft provides versatility for different uses (luxury home, event space, short-term rental, etc.).
3. Indoor Swimming Pool: This unique amenity adds to the luxury appeal, increasing both the marketability and rental potential of the property.
4. No HOA: No homeowner association fees or regulations, providing more flexibility for potential buyers or renters.
5. Secluded Location: The large, private lot is a desirable feature for buyers looking for privacy, which can boost resale value.

PRIVATE LENDING

Are you interested in private lending for this deal or any deal? We can help. Call or text us for more information! 

Investment Strategies

Luxury Flip: Given the high ARV and profit potential, this property is ideal for a high-end flip. Investing in quality renovations, particularly modernizing kitchens, bathrooms, and outdoor landscaping, could attract luxury buyers.

Short-Term Rental / Event Space: The size, amenities, and secluded nature make it an ideal candidate for luxury short-term rentals (Airbnb, Vrbo) or as an event space for weddings, retreats, or corporate functions. The three kitchens and home theater could be key selling points in this strategy.

Long-Term Luxury Rental: Given the high-end features and large lot, the property could attract long-term tenants willing to pay premium rents, especially considering its West Chester, PA location, which could appeal to affluent families or business professionals.

Subdivision or Multi-Unit Conversion: If zoning permits, exploring the option to subdivide the lot or convert part of the space into multiple units could increase the property’s profitability, leveraging the existing size and space flexibility.

Conclusion: This property presents an attractive opportunity for investors focused on luxury real estate with high profit margins. While the repair costs and high tax rate introduce some financial risks, the motivated seller, large living space, and luxury amenities provide the potential for significant returns, especially in the luxury or event space markets.

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DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.