Central Manchester Cape – Unfinished Rehab For Sale

  • $100,000
  • 3 beds
  • 1 baths
  • 1,108 sqft

The house is an unfinished rehab that stop a couple years ago and the owner wants out. All of the electrical is done with exception to the breaker box being completed and hooked up to the street. The house is ready to be sheet rocked and completed. The exterior has new vinyl siding, but the gutters need a little TLC. New windows, doors, and in some rooms new frames. A new shower/tub is installed in the bathroom. The house requires an additional $16,000 to $20,000 to complete this project. Given the fact that most of the hard work is done the expectation of 18% return vs. 20% is more realistic for this flip. You should still clear $30,000 with less than a month worth of work left on the house and very little rehab expense.

Over sized detached two car garage – this is a huge garage
Gas is connected to the house
Mostly fenced in yard
Level lot
GREAT quiet neighborhood!!!

Summary

Offered at:

$100,000

AVR (approx):

$165,000 to $170,000

18% Profit (approx.):

$30,600

10% Soft Costs (approx):

$17,000

Repair Costs (approx.):

$16,000 to $20,000

 


Comparable Properties Sold

Address Sq. Ft. Beds Baths Last Sold Price Date Sold
116 Wellman Rd, Manchester
1,382 3 1 $150,000 12/19/2018
109 Lenox St, Manchester
1,116 3 1 $175,000 8/29/2018
53 S Hawthorne St, Manchester
1,080 4 1 $156,000 11/1/2018
Price:
$100,000
Address:
31 Marshall Road
Manchester, CT 06040
Square Feet:
1,108
Lot Size:
0.20
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1943
Basement:
Unfinished
Const. Type:
Cape

Call 860-579-1421 for more details

Property Location