🔥 Turnkey $40K Discounted Property – Ready to Rent or Sell! 🔥

Lancaster, OH, 43130 view full address
Expired
Listed at: November 6th, 2024
Price
$140,000
ARV
$200,000
Gross Margin
$60,000
Sq. Footage
720
Type
Single-Family
Parking
On street
Year build
1947
Lot size
0.14 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

🔥 Turnkey $40K Discounted Property – Ready to Rent or Sell! 🔥

Summary:
This newly rehabbed, turnkey property is ready to generate income with $0 additional work needed! Boasting new HVAC, water heaters, and windows, this 3-bedroom, 1-bathroom, 720 sqft home offers a hassle-free investment opportunity in a high-growth area. With year-over-year appreciation at 18% and an average market time of only 50 days, properties in this area are moving fast. Secure this $40K discounted deal at $140,000 with an ARV of $185,000 - $200,000 and capitalize on Lancaster's hot market.


Financial Overview:

  • Purchase Price: $140,000
  • ARV (After Repair Value): $185,000 - $200,000
  • Discount: $40,000 off potential market value

Property Details:

  • Beds: 3
  • Baths: 1
  • Size: 720 sqft
  • Condition: Turnkey, needs $0 work
  • Upgrades: New HVAC, water heaters, and windows

Comparable Sales (Comps):

  1. 215 Wyandotte St, Lancaster, OH

    • 3 bed, 2 bath, 1,404 sqft
    • Sold Price: $250,000
    • Sold Date: 10/01/2024
  2. 732 E Chestnut St, Lancaster, OH

    • 3 bed, 2 bath, 1,256 sqft
    • Sold Price: $212,000
    • Sold Date: 09/24/2024
  3. 757 Cherokee Dr, Lancaster, OH (Needed $30K+ in rehab)

    • 3 bed, 1 bath, 1,296 sqft
    • Sold Price: $170,000
    • Sold Date: 07/01/2024
  4. 336 Wyandotte St, Lancaster, OH

    • 3 bed, 1 bath, 1,008 sqft
    • Sold Price: $199,888
    • Sold Date: 06/28/2024

Market Insights:

  • 18% Year-Over-Year Appreciation: Strong growth in Lancaster, making this a solid appreciation play.
  • Average Days on Market: 50 days – Deals in this area trade quickly!

Why This Deal?

  • Turnkey Investment: Newly rehabbed and ready for immediate occupancy or resale.
  • Attractive Discount: Secure this property at a $40K discount from its ARV, positioning it for solid profit potential.
  • High Demand Market: Lancaster properties are selling fast with high appreciation, offering a unique opportunity for strong ROI.

Call or Text Daniel Today at 224-507-9777!
Don’t miss this $40K Discounted Turnkey Deal – Act Fast!

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