BRRR Property located in beautiful Central NY

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BRRR Property located in beautiful Central NY

Real Estate Investor · Latham, NY · Member since 2016 · 17 posts · 5 votes

Asking price includes purchase price and closing costs.  Property does need some minor repair and TLC. Major Repairs needed included update electrical panel, fix/replace wooden porches, repair chimney and reseal above roof, patch and paint interior walls.  Best course of action is to get the property rented out and use the Cap. Ex to build to improve upon the property and wait for the market to appreciate.  The local market is deemed stable with an estimated monthly rent for this property to be $750. Property As-Is value: $47,000.

Access to local downtown shops, hospital, and community park. Little Falls is located within 20 min. of the Adirondacks and 30 min. of Utica, NY.

Appraisal Report available upon request.

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