Updated over 9 years ago on .
Below Market Priced Fix and Flip in Phoenix,AZ Huge Potential!
Property with Huge Potential! With the right investor this house can net you some serious profits!
Home is approx. 1475 sq feet with a 12,000+ sq ft lot.
Home needs a total rehab:
New Windows, Stucco, roof, electrical. floors, bathrooms and kitchens.
If a master suite/bath are added project forecast to profit over $100k.
We are not interested in parties looking to wholesale this property at this time. Please find your buyer first before entering into contract.
Purchase Price: $239,900
After Repair Value: $515,000
Estimated Rehab: $120,000
Holding cost: $11,520 (Estimated 6 months @ 12%)
Closing Cost buy: $4,800
Closing Cost Sale: $10,200
Realtor Commissions Assuming 5%: $25,500
Potential Net Profit: $103,080
Comps:
2522 E. Whitton Ave Phoenix AZ 4/4 2543 Sq ft $569,900 PENDING
2241 E. Whitton Ave Phoenix AZ 3/2 1625 Sq ft $408,800 SOLD
2441 E. Mitchell Dr Phoenix AZ 4/3 2550 Sq Ft $534,000 SOLD
2623 E. Beekman Pl Phoenix AZ 3/3 2,858 Sq. ft $550,000 SOLD
* These numbers are not guaranteed and are estimated based on our evaluations. Your costs/rehab may differ based on lending situation and or rehab plans/selections. Buyer to do their own due diligence.