Rare move-in ready investor special in the coveted Pickwick Park. The owner’s surprise relocation offers you the rare chance to snatch up this very light fixer upper for only 70% of After Repair Value.
Cons: Roof 11 years old, WH 10 years. Pros: AC 5 years old. Some deferred maintenance, but no major issues. Most of the rehab would be modernizing and upgrading. One of the four bedrooms has a separate entrance with bath, that can be accessed by the inside or outside of the home. Breakfast bar, plus separate dining room. The main great room features a classic, cozy brick wood burning fireplace.
Investor notes:
Flip potential: $456k ARV, with new roof, kitchen and standard interior upgrades.
LTR estimate: $3,400 /mo, with hardly any nearby competition. STR estimate: $75k yrly gross, at 413 /night, with 50% occupancy.
No HOA/CDD. Feel free to soft pitch offers to listing agent. No assignable contracts accepted. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and MLS info sheet.