🏡 Single Family Home | 4 beds / 2 baths / 1,656 sqft
💰 Asking Price: $70,000 (Cash deal, vacant and ready to go)
📈 ARV (After Repair Value): $165,000 - $170,000

Why This Deal is a Great Investment Opportunity:

🚀 Below Market Purchase with Strong Upside Potential:
This property is being offered at $70,000, well below its ARV of $165,000 - $170,000. With a solid structure, this home only needs roof repair and cosmetic updates to realize its full potential, making it a fantastic opportunity for investors looking for high returns.

💰 Rental Income Potential:

• Long-Term Rental (LTR): Estimated at $1,900/month
  With a good foundation, recent plumbing updates, and solid HVAC, this property will be perfect for long-term tenants after a minor rehab, offering a strong rental income stream.

🔨 Rehab Needed:
This home needs a new roof and cosmetic updates throughout, with the estimated rehab cost being $50,000. Major systems such as HVAC, water heater, electrical, and plumbing are all in good working condition, allowing for a focused renovation.

📈 Great Comps to Support ARV:

• 1509 SW College Ave, Topeka, KS 66604: Sold for $167,500 (4 beds, 2 baths, 1,512 sqft)

• 3326 SW Randolph Ave, Topeka, KS 66611: Sold for $170,000 (4 beds, 2 baths, 1,680 sqft)

• 2127 SW Western Ave, Topeka, KS 66606: Sold for $165,000 (3 beds, 2 baths, 1,575 sqft)

These comparables support the $165,000 - $170,000 ARV, making this property an attractive fix-and-flip or rental investment with strong profit margins.

Real Numbers Breakdown:

• Purchase Price: $70,000

• ARV: $165,000 - $170,000

• Rehab Estimate: $50,000

• Potential Rent:

  • LTR: $1,900/month

📅 Close of Escrow (COE): November 13th, 2024
🔑 Access: By appointment – property is vacant and ready for showings.

📞 Don’t Miss Out on This Cash Deal! Secure this property at $70,000 and capitalize on its high ARV and rental potential. This is a rare chance to invest in Topeka with great upside.

💼 All offers due by: October 25, 2024.