San Bernardino Redlands House + Bonus Lot Sale...
Lot entitled to build 2 new houses
Or demolish existing House and build 4 new houses
1560 Church St, Redlands, CA 92374, United States
Sales Price $589,000
Property Value: +$450,000 House (1,987sqft 4bed 2.5baths)
Land Value: $250,000 0.33 acre lot (entitlements in hand, plans and permits to be submitted)... to build 2 homes 1.65acre each
Build 2 homes x $200k costs = $400k
ARV $800,000 ($400k each home)
Or Demolish entire existing property
To build 4 new homes
Sell at $399k each
$1,596,000 Total Exit
We are have several properties we are looking to liquidate.
They were initially joint ventures, 100% Financed.
But Our Borrowers could not carry the debt on the 1st and 2nd TD.
We took over the properties,
Looking to sell them AS-IS...
Gain Access to our other Properties...
Join our Buyers List: www.propertysellingprosperity.com
||1560 Church St, Redlands, CA 92374, United States
|Sq Footage Source
||I am the owner of this property and have authority to sell
||November 21st, 2017
Do your research before making any investment!
Seller assumes all responsibility for the content of this listing.