Off Market Whole-Sale Deal in East Bay California (Fix N' Flip or Great Buy N' Hold)
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Off Market Whole Sale Deal in Hayward (Fixer/Flip or solid buy/hold)
People Roe Path BCC [email protected] Tiffany Medellin Saim Chaudhry Billy Phong Joint Investors and 26 more...Today at 1:05 AM
Hi All,
We have a 5 Bed, 2 Bath, 1900+ Sq FT Home in a desirable location of Hayward. There is virtually no inventory in this area and, when something does come available, it's gone very quickly. I am offering to sell this property off-market for $475K. This property is located about 1 mile from 92 bridges, an area where all the 415/650 folks are moving into. This property can be a flip or it would also make a great buy and hold investment for someone looking to acquire a rental in a desirable area that has great potential to experience price appreciation as Hayward gets closer to becoming the place to LIVE for young professionals who make $150k + but cannot afford the insanely expensive home prices in 415/650 area codes. It has easy access to all major highways and bart. This property has not been updated so it needs a complete cosmetic makeover. Recent comps of smaller size homes in the area sold for $515k (1350 sq feet and $545M (1400 sq feet)...these comps are in a 1mm away same school district so you can decide how to calculate the After Repair Value to account for that when comparing to this property. Subject is WAY larger in sq footage and bath/bed mix.
If
you are interested in the property and would like to be added to the invitee list to receive the address and view the property within a few days of when it's vacated, please let me know. There will be a very short buy window (less than a week) for this one.... We will move forward with the project if the approved prospective investors do not follow because it's a quick and straightforward 45 day type rehab so it's not worth our time to have an extended wholesale process if we can do it ourselves in the same amount of time so please only inquire if you have serious interest and you or your buyers can make a quick decision and close quickly. Typically we should not have a problem as this property is a home run along with the growing demand/lack of inventory. As you know from time to time we do wholesale properties as we're in the processing of purchasing additional assets and of course sharing is caring :) Thus if any of you have deals we will entertain those as well. (Land, Multi Family, CRE and SFR)
Purchase Price: $475k (Price is confirmed)
Rehab: $50k -$65k (Depending on your resources)
Resale Value: $585k (Conservative to $625k)
Rent: $2600 to $3000
Property Details:
Est: Living Area: 2000sq feet
Est: Lot Size: 9000sq feet
5 Bedroom
2 Bathrooms (Can add 3rd)
PLEASE READ BELOW BEFORE REPLYING:
Note: Property must be sold CASH, Private/hard money is okay. We have a binder with the escrow company which will help save you some $$$$. Property is subject to no contingencies and is SOLD AS IS. Seller has never lived in property and has no knowledge. A $20,000 NON REFUNDABLE EMD must be in escrow once into contract. There will be no reduction period. Looking for a seasoned investor/flipper. Buyer pays all fee's to escrow and transfer tax. Buyer must be able to close escrow within 7 days. Additional info available upon request. No dizzy chains and or leanthy whole-sellers.
Thank you