Additional Details

• Ideal Investment Strategy: Rental/Resale
• Features: This Northside property is located close to major highways for convienent commuting, and is available for almost half of the tax assessed value! It had a re-roof in 2021, and is a blank slate waiting for the right investor to come along. Currently sitting as a 2/1 there's space to add additional rooms and increase returns. It's a great opportunity for your next flip or rental!
• Potential ARV: $120,000-$150,000
• Estimated Rehab: $50,000-$60,000
• Rehab Description: This CBS block property has a 2021 roof! The soffits need to be completed, and the rest of the property needs a full rehab. Replace the windows, doors, and stairs outside. Inside install a new kitchen, bathroom, flooring and drywall. The electricalpanel looks like its in good shape, but rewiring might be required for new outlets and fixtures. Install a new water heater and AC. Finish off with a trash out, landscaping and fresh coat of paint. Optionally add an additional bedroom and/or bathroom to increase returns.
• Comparable Rent: $1,250
• Comp 1: 8005 Tarling Ave 3/1 1,184 sqft, Sold 10/6/22 @ $150,000 ( Updated)
• Comp 2: 5111 Fredericksburg Ave 3/2 1,053 sqft, Sold 10/21/22 @ $176,000 (Updated with extra bed & bath)
• Comp 3: 5223 Archery Ave 3/1 1,072 sqft, Sold 11/22/22 @ $107,000 (Clean but Dated condition)
• Comp 4: 8916 Yeoman Dr 2/1 1,112 sqft, Sold 12/1/22@ $100,000 (Needs a full remodel)
• Important Details: 2021 Re-Roof
• Construction: CBS
• 2022 Tax Assessed Value: $58,469.00
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab