Where are all my true Rehabbers? I can sense you guys may have a feel for this one. This property is what you would classify a true junker. Just think about walking inside of your home where you currently live, with a ceiling that has fallen through, couple walls missing, toilet turned upside down, smells like a rat sewer, etc etc.......That is exactly what this house looks like on the inside NOW. Only one previous owner. Late husband passed and the widow decided to move on. As I was saying before this property is a junker now, but has the potential to shine bright like a diamond with pretty hefty returns. With 3 beds and 1 bath almost 1000 sqft of living space, this would make an outstanding rental. Rehab cost depending on who you get to do the work will will cost anywhere from 15-25K. So lets say at 20K the median for a full rehab, which brings you to 27K. Rents in this area for 3/1's is 600-750 a month. At a 750 a month that is a 33% gross cap rate. The low end rents at 600 a month, gross cap rate is astonishing 26 You can't lose here guys it's all about the numbers. For more great deals like this please call 813-919-7587.
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.
