$40K+ Margin on 3/2 Fix N Flip - Benton Harbor, MI

Berrien County, Benton Harbor, MI, 49022
Sold
Listed at: August 30th, 2022
Price
$109,900
ARV
$215,000
Gross Margin
$105,100
Sq. Footage
1378
Type
Single-Family
Parking
Garage
Year build
1962
Lot size
11848.00 sqft
Bedrooms
3
Bathrooms
1.5
Half Bathrooms
0
Summary

Click HERE to see pics


Wholesale Price $109,900 (Buy-It-Now $120K)

ARV $215-225k


This 3 Bedroom 1.5 Bathroom mid-century ranch home sits in fantastic location convenient to everything and in one of the nicer neighborhoods in Benton Harbor. It features a newer roof (~7yrs) and new Furnace & Central Air (2021).


Highlights:

  • Super convenient to Shopping (Meijer, Walmart, Lowes, etc)
  • Close to I-94 & M-139
  • Brick Home - 4 sides
  • Private Backyard with Mature Trees/Bushes
  • Covered Patio
  • Beautiful Fireplace


Review of Systems:

  • Roof ~7yrs old - dimensional
  • Furnace - Goodman - New in 2021
  • Central AC - Goodman - New in 2021
  • Water Heater - Reported Functional - but End-of-Life
  • Electric - Wiring is OK and working throughout house. Panel has Screw Fuses
  • Plumbing - Mix of Copper & Galvanized


Special Callouts:

  • Tree down in Front Yard - missed house, but damage to gutter from branches (see pics)
  • Water Leak - Property had a water leak in the main floor bathroom which leaked into the eastern half of basement causing mold growth on the wood paneling. The carpets were removed, but the original hardwood floors are warped. Mold growth is predominantly on the wood-panel walls so tearing out those will be necessary. But fairly little mold growth on the floor joists/structure (easily remediated).


Special Note: Submit your "Soft" offer by clicking the button above. Offers will be reviewed within 24 hours and we'll call you to schedule walk-through or provide lockbox code. The "WIN IT NOW" feature secures the deal and prevents acceptance of another offer. Upon offer acceptance, a Purchase Agreement will be sent for electronic signature and EMD shall be wired/dropped off with Title Company within the next business day.

House is being sold "As-Is" with Buyer to pay all typical closing costs. Price based on Cash or Hard Money offers, deposit of $2,500-5,000 non-refundable earnest money with Title Company. Buyer responsible for their own due diligence. Pathfinder Holding Co. and Homevestors' members or employees make no guarantees/warranties concerning property condition, value, characteristics or financial benefits. Pathfinder Holding Company, LLC is an independently owned and operated franchise of HomeVestors of America, Inc.
Videos

Exterior Walk-Around

Main Floor Walk-through

Basement Walk-Through

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

Mike Hitchcock

No reviews

Disposition manager