Just wanted to start this near year off with a positive story. I purchased this property in August 2017, without laying eyes on it but knew that houses go for about 80-90k in this area. I Bid $7,000 for the house, and won. Later to find out I was the only bidder. The home was sold to me by the Bucks County redevelopment authority ( BCRDA). The BCRDA took eminent domain on the property earlier that year, after they tried to contact the owner for several months about the condition of the property. The house has been dilapidated and vacant for over 15 years. My main goal was to purchase the property as a rental, with rent at about 900-1000 a month for a 3br/1bth. After walking into the property for the first time, I was shocked, and knew this is more then a quick rental rehab. Realizing with everything new, it would be an better flip then rental. No roof, stairs, kitchen ect. I did find 12 cats living in the house though. My contractors and I started ripping the house apart that day. Many of the neighbors we thrilled at what was about to happen. It took us about 18 weeks to complete the whole project, with everything in the house being brand new. Made settlement Friday Jan 12th 2018. Here are the numbers and pictures. All 4 Pictures are taken at the spot before and after.
Purchased the property for 7,000
Permits and Realtor fees 6,800
Profit of 29,300
Nice work! hard work pays off.
@Joe Nagle Nice job! I am in Bucks county as well
congrats, looks good. Was this property in Bristol Boro?
Nice job, it’s always nice to see a run down house brought back to its potential, I’m sure all the neighbors are thrilled!
Thanks. Property is in the Fleetwing section of Levittown.
nice work. i am working on many rentals and rehabs in Bristol and Levittown. let me know if you want to touch base.
@Joe Nagle that is an incredible price for a property in that area. I looked at a couple houses in Fleetwing but never amounted to a deal. You did a really nice job on the rehab. Congrats.
Have you done other flips in the area? I flipped a house in Fairless Hills last year and I'm looking for the next one.
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