This property is in Mayfair which has many renovated homes selling >145/sqft. Fully gutted to the studs, currently configured as a 4/1 but an addition to the back allows for reconfiguration to a 3/2 and expand the kitchen/dining area to open up the space. No HVAC system in place at the moment, but easily installed while drywall is removed.
- ARV: $180-200K
- Average Rents: $1500
- AirDNA predicts an average $21K NOI and 60% occupancy as a STR for an 15% CAP at $140K all in.
- Rehab $67K — depending on SOW, this estimate is for new roof/HVAC/Windows/Electrical plus drywall, paint and trim out.
- Cash or Hard Money Only
- Buyer Responsible for closing cost
- Buyers to independently underwrite and evaluate rehab the property with their contractor
- Closes no later than 19 October 2022
- Selling the equitable interest in the contract
PROPERTY IS VACANT
Realtors, add your fee (whatever you like) and bring us a buyer!
Here is the next step… Give me a call or text at 850-485-6577 or email Greg to firstname.lastname@example.org Let me know you are interested in this property and I can answer any questions you have. If you’d like to view the property, we’ll set up a time for you to view it. You can go check out the house and verify you are interested in purchasing it. If you decide you like it and want to proceed, we’ll write up a contract. It’s a very simple process and we will make it painless on your end.
P.S. These deals are hot and don’t last long. Don’t wait. Give me a call today. Again, my phone number is 850-485-6577 or you can email to email@example.com . Thanks!