Over 100k Profit Flip on 2 acres ~ Appraisal Included + Contractor Scope of work with Cost

Hamilton County, Chattanooga, TN, 37421
Sold
Listed at: May 15th, 2023
Price
$325,000
ARV
$650,000
Gross Margin
$325,000
Sq. Footage
3430
Type
Single-Family
Parking
Attached Garage
Year build
1968
Lot size
1.90 acres
Bedrooms
5
Bathrooms
3.5
Half Bathrooms
0
Summary

This property has massive opportunity. Great location and very large lot nestled within the trees. This property enjoys 3 acres, the main lot is 1.9 acres while the other parcel consist of 1 acre which could be sold separately. This home is currently a 4bed 3 bath home but was originally a 5/3 as two bedrooms we're combined to make a larger master suite. The workshop has a bath and plumbed for a potbelly stove, this would make an excellent casita, office or granny flat. See attached appraisal completed showing "As Is" and "ARV". Contractor scope of work and cost also attached. This property is bubble wrapped for the right flipper.

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

Richard Farmer

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