James Island, SC | 💸🏡Off Market Flip or New Build Opportunity🏡💸

Charleston, SC, 29412
Sold
Listed at: October 17th, 2024
Price
$275,000
ARV
$750,000
Gross Margin
$475,000
Sq. Footage
1268
Type
Single-Family
Parking
Attached Garage
Year build
1987
Lot size
0.25 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

📌ADDRESS:  1553 Kentwood Cir, Charleston, SC 29412

 

PLEASE READ:   

No wholesalers or daisy chains

Cash offers only

 

Please call or text Ryan at (843) 806-0321 for more information on this deal!

 

🏠 Single Family Residential 

🛌 Beds:  3 (new build could be 4)

🛀 Baths: 2 (new build could be 3)

✨ Sqft:  1268 sqft (new build could be 1900)

🧱 Built: 1987

👨‍👩‍👧‍👦 Current Occupancy: Vacant (call Ryan for access instructions)

👪 Occupancy at Close: Vacant

💸 Starting Price: $275,000

🔑 Buy Now Price: $290,000

 

🌟More Details🌟

  • .25 Acre lot (10,890 sqft)
  • Property needs a full rehab... could be salvageable but best exit strategy is a new build
  • Windows maybe salvageable
  • Roof caved in - timber riddled with termites
  • 300 sq ft deck - would have to rip up
  • Closing by 10/25 at Payne Law Firm

 

 

Additional Notes: 

  • New Build ARV: $750,000

 

  • Notable Comps:
    • New Build: 1419 Avenue B sold for $720k on a .38 acre lot back in May. Land was bought for $325k
    • 1421 Avenue B sold for $625k back in 2023, .33 acre lot at 1871 SF. 
    • 1569 Kentwood Cir sold for $678k | 3/2 1,717 sqft
    • 1527 Kentwood Cir sold for $685k | 3/2 1,664 sqft (not a flip but has a pool)
 

 

 

❗❗ The below terms are NON-NEGOTIABLE. This is a professional disposition company that will enforce the following conditions:

$5,000 non-refundable EMD

Buyer to pay all standard closing costs

Cash, hard money, or private money only

No JVing - This deal is NOT to be marketed elsewhere

Any agent commission is to be added ON TOP of asking price

 

DISCLAIMER: We are seeking a Joint Venture Partner on this project to assist with resources. A legally binding purchasing contract with memorandum has been signed with the Seller giving exclusive rights to purchase the property. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

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

Ryan Brown

No reviews

Disposition manager