🏠 Sub-To Craftsman Ranch in Suffolk, VA 🏠

Suffolk, VA, 23434 view full address
For Sale
Listed at: October 17th, 2024
Price
$191,500
ARV
$275,000
Gross Margin
$83,500
Sq. Footage
1308
Type
Single-Family
Parking
Driveway
Year build
1920
Lot size
0.15 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

🏡 Adorable Sub-To Craftsman Ranch in the Heart of Suffolk!!!

This 3 bed, 2 bath single-family home is a prime opportunity for investors looking to add value with a light rehab. 

  • ARV: $275k
  • Estimated Repairs: $20,000
  • Located just minutes from the water, downtown, shopping, interstates and parks!

Comparable Sales:

  1. 902 Pennsylvania Avenue, Suffolk - SOLD $280,000
  2. 427 Linden Avenue, Suffolk - SOLD $249,000
  3. 901 Delaware Avenue, Suffolk - SOLD $269,900

SUB-TO Financing Details:

  • Entry Fee - $45,000 + Closing Costs
  • Estimated Mortgage Amount: $146k (will be reduced substantially after the arrears are paid)
  • Monthly Payment: $1,134

Interest Rate: 3.9%

Ideal for a fix & flip or rental portfolio. CMA attached.

Don't miss out on this high-potential property!

📲 Call us at 757-769-5300 for more details!

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

John Michael

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