Beds: 3 Bath: 1 SqFt: 1,296
ARV: $215k Repairs: $25k
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This is a 3/1 1296 SQFT property that is currently rented. The 1 car garage is enclosed which accounts for the 3rd bedroom and the extra SQFT. Tenants currently have a lease good through March and are renting for $1,000/Month. I think Keys for Cash would be the best opportunity in this instance, so you can up the rent to $1350-$1500/Month or flip the house. Condition is decent. In the back of the house there is a Florida room and back patio. Roof needs repairs, electric box was installed in ’05, plumbing may need updating, outside AC is 8 years old and kitchen/bath/floors should be updated for a flip. As a 3/1 the ARV would be in the low $200’s but as a 3/2 the ARV would be in the $230’s range. Comps are in the pics and we are just waiting on the seller to give us access to obtain more pics.