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Updated about 9 years ago on . Most recent reply

User Stats

160
Posts
19
Votes
Rob Scarborough
  • Investor
  • Smithville, MO
19
Votes |
160
Posts

Great Opportunity Just North of Kansas City (Northland)

Rob Scarborough
  • Investor
  • Smithville, MO
Posted

I am offering the contract on this property for an assignment fee (wholesale).  The $58,000 includes the assignment fee.

This property is a very rare, double lot on the south side of downtown Smithville.  It is currently a 3/1, but can easily be converted to a 3/2 with a master suite.  This property is in need of a complete gut and reno.

My agent has given me an ARV of $115-119k. My contractor has given me a quote of $30k to renovate. Because the money I use is very expensive (private money, but I pay interest and large cut of the profit), this deal is a marginal deal for me to flip. Depending on the cost of your money, it could be a great opportunity. Expected rent on this home renovated is over $1000/mo. Rentals are in short supply in Smithville!

Please contact me for a showing.  I need to give 24 hours notice prior to gaining access to the property.  Pics available upon request.

Thanks!

Rob Scarborough

913-800-7677

[email protected]

Offering

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