THIS IS A GREAT OPPORTUNITY FOR A SAVVY INVESTOR. THE PRICE IS FIRM! I have a local contractor available who can complete the repairs job to include labor and materials for $16-17,000. The ARV is $45K, and the Section 8 rental amount for the house $835.00 maximum. If you do the numbers correctly after all expenses are paid where can you make $450-500 a month investing $27K with $20K worth of equity included? Buyer will need to make a down payment of $3,000 with a monthly payment schedule of 24 or 30 months. Make a cash offer and receive a better deal. Understand that the house is only a 2 bedrooms/1 bathroom, but it sits on .55 acres of land with another vacant .58 acres attached to it but has a separate asking price. The total acreage for this house is 1.13 acres so this alone should make this property attractive to a savvy investor. You have the choice of demolishing this house and building a larger more attractive home on this land.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
