Great Fix and Flip Opportunity for! ARV 235!
Listings details
Price
$145,000
Type of Listing
Bedrooms
Bathrooms
Heating
Gas Furnace
Square Footage
1810Sq. Ft.
Telephone
303-332-4655
Posted
18 August 2011
General Features
Hardwood Floors, patio, attached garage
Interior Features
tri-level, fireplace
Exterior Features
patio
MLS #
1000669
This is a great chance to Fix and Flip in Parker! This house is a 4 bed/3 bath tri-level with 1801 total sq feet. This house is being sold at 66% ARVat 220k (conservative estimate, actual price up to 249K). 3 houses with 4bed/3bath within 1/2 mile have sold between 237k and 249.9k in the last 5 months. Fix up is estimated at 30k (28k with 2 cushion). This means that if you are buying this house with cash your estimated net return would be 35k (ARV-price-fix-closing costs at 4.2%). If you are using a hard money lender your estimated net income is 21k (with 4 points and 15%).
Earnest Money is $3200. This will hold this house for you til closing in mid-September. It is due immediately and non-refundable.
My partner is a Realtor. With this wholesale he would be willing to list your finished house for 1/2 his normal fee.
This is a cosmetic fix and flip. This house has a solid foundation. No visible cracks.
Repair:
3 Bathrooms: 6500
Kitchen: 7000
Carpet: 3000
Windows (actually in good shape, but for caution) 3000
Paint/Texture 3000
Exterior Paint/minor repair 1500
Landscape 1500
fixtures lights/electrical 1000
Doors $1500
Total 28,000 with a 2k cushion.
Earnest Money is $3200. This will hold this house for you til closing in mid-September. It is due immediately and non-refundable.
My partner is a Realtor. With this wholesale he would be willing to list your finished house for 1/2 his normal fee.
This is a cosmetic fix and flip. This house has a solid foundation. No visible cracks.
Repair:
3 Bathrooms: 6500
Kitchen: 7000
Carpet: 3000
Windows (actually in good shape, but for caution) 3000
Paint/Texture 3000
Exterior Paint/minor repair 1500
Landscape 1500
fixtures lights/electrical 1000
Doors $1500
Total 28,000 with a 2k cushion.
Map
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