70% Rule!  

Asking Price: $83,000 or best offer

Repair:                    $48,252
ARV:           $168,360| $140 psft
Spread:                    $37,108
NR-Earnest Money:           $2,500

Property Details

Located directly across from Cherokee Elementary school in prime school Districts, this 3 bedroom, 1 bathroom home has a large 3 car garage and storage space above it. The main house is 1,201 sqft and has a full unfinished basement.

The house was built with very hard rough sawn wood and is very sound. The flooring throughout is in great shape with some areas needing resurfacing. The windows are in good shape. The house has large closets and plenty of storage space. The garage has 2 bays and plenty of room. The unit above the garage is framed out for separate rooms and could be used for storage or converted into living space.

Repairs

The roof needs to be replaced and it needs gutters. There are some areas above the porch that will need some reframing work. The decking around the side needs to be refinished and some boards replaced. The basement has standing water. It will need to be drained and have a new sump pump installed. The Interior is nice but has some sheetrock damage from the ceiling leak and some mold. The kitchen and bathroom need full updating. It will new a new HVAC, paint and some trim as well.

 CALL OR TEXT: 423-482-8647

for more information and to schedule a walk-through