NOT FOR AMATEURS BUT YOU WILL MAKE A BOATLOAD OF CASH - Worth $150K, Yours $25K??!! (not on the MLS)
Here's one for the record books...but if you have not done your first deal yet, this deal is NOT for you.
The property is worth $150K or more. It's a 3-flat or 3-unit apartment but suffered extensive fire damage. And as such, it's yours for only $24,900.
1unit- 3bed 2bath: median rent accdg to Rentometer is $1,000/mo
2units- 2 bed - 1bath: median rent accdg to Rentometer is $775/mo
The address is 901N Waller, Chicago.
In case you want to fix it up and rent it out, here's a snapshot of the Cashflow Analyzer:
Here's the link to the pictures.
http://901wallerchicago.blogspot.com/
If in case you want to tear down the place and develop it, here's the lot plan:
If you're a PRO and can handle the extensive repairs ($60K+) or if you're a developer, email me your PROOF OF FUNDS and a purchase contract at [email protected].