Must Sell ASAP! - $13,000 FSBO Property

[Austin Faux]

We've got a great investment property 4 BLOCKS from Illinois College, and we're even offering Seller Financing. You can buy cash and flip it for profit, or hold for great rental income!

Highlights:

• 4 Blocks from Illinois College
• Seller Financing Available
• Repair Estimate: $50,000
• ARV: $110,542.50

Call Now: 720-903-3600 Ext.102

More Pictures at: 

Property Details:

502 S Prairie St. Jacksonville, Illinois (Pictures Below)

4 Beds 2 Baths - 1530 sqft. - Lot: 7840 sqft.

Payment Details:

Cash Purchase Price: $13,000

• w/$5,000 Non-Refundable Deposit

Seller Financed Purchase Price: $18,000

• w/$5,000 Non-Refundable Down
• $13,000 Seller Financed @ 6% over 4 years = $305.31 monthly payments!

Comps:

Since the property is pretty much gutted on the inside you can mold the bed, bath and floor plan pretty much to your liking. As such there is a 3/3 property that sold for $130,000 that had some light rehab done according to the pictures. Alot of the homes around the college campus which have had some rehab are selling between $100,000 - $130,000. You can also click the links to see the comps yourself:

$130,000 (528 Rosedale Blvd) $86/sqft

$126,000 (17 Greenbriar Dr.) $77/sqft

$110,000 (861 W State St) $64/sqft

$110,000 (1008 Grove St.) $62/sqft

Avg Sqft = $72.25 x 1530sqft = ARV $110,542.50

Repairs: $50,000

• Demo interior walls
• Replace Roof & Siding
• Wrap Windows with Aluminum
• HVAC: Furnance Central Air and Ducting
• Paint & Flooring in Bed, Bath, Kitchen
• Plumbing Fixtures Upgraded

Rental Numbers:

Rents = $1033/month (3+ Beds)

Call Now: 720-903-3600 Ext.102

More Pictures at: