$40,000+ in Possible Profit in the Charming Bristol Home! – Contract Sold

  • $55,000
  • 3 beds
  • 1.5 baths
  • 1,380 sqft

OPEN HOUSE INSPECTION
Sunday, February 10th from 4:00 until 5:00 PM

Written offers are due by Monday, February 11, 2019 at 5:00 pm.  Only the Highest and Best offer will be accepted at that time.

The tenants were just evicted and left the house a mess, as you can see in the pictures.  The mechanicals are all relatively new and the house can use a lot of TLC.  I’ve factored in that the house needs approximately $62,100 in repairs and can bring in over $40,000 in profits.  The comps below will show that the house can ARV for around $179,900.

Summary

Offered at:

$55,000

AVR (approx):

$179,900

23% Profit (approx.):

$41,910

10% Soft Costs (approx):

$17,990

Repair Costs (approx.):

$62,100

 


Comparable Properties Sold

Address Sq. Ft. Beds Baths Last Sold Price Date Sold
19 Field St. 1,139 2 1 $161,900 8/21/2018
71 View St. 1,442 3 2 $195,000 9/18/2018
38 Colony St. 1,426 3 2 $161,000 12/18/2018

For Details

Call or Email Steve TODAY
for the Address!

860-874-2310

or email at

Steve@MumCityHomes.com

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Price:
$55,000
Address:
Bristol, CT 06010
Square Feet:
1,380
Lot Size:
0.12
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1943
Basement:
Unfinished
Const. Type:
Conventional

Additional Features

Gas Furnace is 6 years old Roof is 10 years old Hot Water Heater is 1 year old Circuit Breakers Taxes: $3,446

Call 860-579-1421 for more details