Property Description: This single-family home is a high profit potential fixer upper. The neighborhood and surrounding homes of newly renovated construction have made this property a great investment already (See Video!!). There are six new, well-done renovations on the same street, as well as two new builds with foundations set. Though this is a 2 bd/1ba, it has potential for a third bedroom/office in the attic, and a 3-4 seasons room as well. There is a large 1.5 detached garage.

Property Features:

• 2Bd/1Ba
• 1148 sf / 1680 sf possible.
• lot size: 5,052 Sq. Ft.
• 1.5 detached garage
• Fenced in yard
• Spacious Rooms
• Porch, with potential to be a 3-4 seasons room: approx. 400-450 sf.
• Upper level classic A frame style attic with high ceilings for extra bedroom or office space (see lower section for breakdown on ARV, and Rental).
• Garage is approx. 30X24

Occupancy/Rent & Lease Info:

Vacant

ARV: $170,000

Buy and Hold

Long Term Rent potential: Monthly: $1,200 Annually: $14,400

• Estimate rehab needed: $50K
• 8.6% cap rate
• Buy and Hold

Short Term Rental Potential:

Current property condition projections:

• AirDNA Rentalizer: Monthly Revenue potential: $1542
• Annual Revenue potential $18,500
• 11% cap rate

Fix and Flip

• Estimated Rehab needed: $50,000
• Gross Margin: $52,500

3RD Bedroom Office/ 3-4 Seasons Room additions: Projections

ARV: $205,000

Buy and Hold

Long Term Rent Potential: $1500 monthly Annually: $18,000

• Estimated rehab needed: $75,000
• 8.8% cap rate

Fix and Flip

• Estimated rehab needed: $75,000
• Gross Margin: $$62,500

Contract Details:

Closing Date: On or before February 28th, 2023

2021Taxes: $1,756

Bidding/Offer Process:

Important: All due diligence and/or inspections need to be done prior to submitting your offer. Please don't submit an offer unless you have every intention of following through to close. Buyers who back out after the offer deadline will be removed from the buyers list.

Starting Bid: $67,500

All Buyers Offer Deadline: April 21th, 2023 by 1 pm EST.

To make an offer on this property, simply click the blue 'Make An Offer' button above and fill out the short form.

Cash, Private Money, Hard Money & Commercial Loans Accepted. Conventional financing is not accepted.

Earnest Money: $5,000 Due 48 hours after Assignment Of Contract.

Buyer shall pay a Transaction Coordination fee of $375.00 at closing.

Note: If an offer is accepted by a VIP Buyer during the VIP Offer period, then the deal will not be available to all buyers. A second communication will be sent if the second offer period opens!

Not a VIP yet? Our VIP Buyer Program is the easiest way to buy off-market deals in NEWI! Get started here!

Please be sure you're familiar with the 'Terms Of Purchase', found in the 'Documents' section, prior to making an offer.

AS A RULE: we don't show properties. We have everything provided for you to see all property details through our pictures, videos, and documents section. We encourage any questions and ask that you contact our Dispositions Manager for anything that you need. Exceptions may be provided under certain circumstances.