Description

Call 337.230.6462 to make this your next flip!

This flood zone X property took in 6-8 inches of water in the Great Flood of 2016. 

Open walls = no surprises = Renovation ready!


This is not an assignment. Available to principal cash buyers only.

In a middle income neighborhood suitable for flip or rental. Only available "AS IS" until 6/23, then we will rehab it.

The stated ARV is just a number.  I expect the ARV to be $120-130k.

SOLD COMPS:

4/5/2017 - $120,000, 809 Sandra Dr, 70714, 3/2, 1318 sq ft, 36 DOM

4/18/2017 - $136,000, 5104 W Shilo Ave, 70714, 3/2, 1344 sq ft, 2 DOM

3/13/2017 - $121,000, 1059 Sunshine Dr, 70714, 3/1.5, 1203 sq ft, 12 DOM

The repair estimate given is just a number too.  I understand that typical repair costs range from $25-40/sq ft depending on finish selection and labor cost structure of each investor.  It is a matter of due diligence for each investor to determine a repair estimate.  These open-wall post-flood renovation projects are more predictable than other rehabs when using consistent materials and labor.

After Repair: Eligible for 100% financing! This property is eligible for USDA-RD financing that will increase the pool of retail buyers and should help it sell faster!




Property Details

Property Status Expired
Price $58,000
Estimated Repairs $50,000
Square Footage 1500
Sq Footage Source owner
Estimated ARV $125,000
Estimated Equity $17,000
Bedrooms 3
Bathrooms 2
Garage Size 2
Year Built 1978
Publish Date June 18th, 2017

Seller Information

Robert

Member since June 2016


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.