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.
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Summary |
|
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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