Last street considered the Slopes – located on the border of the Flats: has a detached garage & just vacated – needs WORK – tenant somewhat destroyed it.
A good cleaning/dumpster & repairs/updates est. $50-75k in total work depending on what you do with it. This deal has been structured so @full value the flip profit is >$100k; ROI to hold is superb. ARV est. $245k.
Property next door ALSO for sale 2610; you can opt for a package of *TWO* side-by-side (*not attached!) homes on South Side’s most desirable Investment Street = a VERY nice & progressive cap rate.
- Taxes: $1,971
- Electric: Needs updating
- Plumbing: Needs updating
- Kitchen: Needs updating
- Bath: Needs remodeling
- Roof: OK
- Furnace: 30 yrs old
- Hot Water Tank: 10 yrs old
- Windows: Double-paned; older
- Floors: 2
- Parking: Off-street/On-street
- Rental Income: Recently Vacated
- Rental Potential: $1,600 at ARV