The work has already been started. All you have to do is finish it up and cash out. This single-family home in Fayetteville community of Jacksonville, FL, consists of three bedrooms and one and a half bathrooms, with a bonus room and carport. The property is nestled on a huge corner lot with a large fenced-in backyard. With the right renovations, this property could be flipped or rented out for a very quickly and produce a very solid return. In order to capture top dollar, we recommend replacing the roof, adding a fresh coat of paint, finishing the flooring, and final touches. Updated homes of a similar size and style are selling between $103-$133 per square foot depending on the level of rehab.
“As-Is” Value = $156,000
Conservative ARV = $215,000
Estimated Repairs = $39,650
WHOLESALE PRICE =$117,000
Close By Date: ASAP!
Access: Call Jack For Access Instructions
Recommended Repairs
This property needs a Mid to Full renovation, which has already been started, and should take 60-90 days to complete. Once completed, would easily generate a 20% ($100,000+) profit. Renovated properties in this community are taking an average of 67 days to go under contract and are selling for $308 per Sq./Ft.
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $5,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.