Real Estate Investor · Greensboro, NC · Member since 2013 · 29 posts · 0 votes
******INVESTOR ALERT******House has potential but needs a lot of work. Cash buyers only. All offers considered. Level lot lends itself to a nice garden area. Other homes in the surrounding area are well maintained and add value. This house has been rented in the past. Priced below tax value.
What might the after repair value be? I might take a look if it is not in a rural area, and not too ruff shape. I need to sell a property so until then I am strapped for cash and would have to keep cost no more than 70% ARV to get my private money in.
The comps are all over the board with this one. Realistically, I would place the ARV between $90k-$95k. The property is not in a rural setting. The surrounding neighborhood homes seem to be well kept.
This house does need quite a bit of work and because of that, the seller will entertain all offers.
In the interest of full disclosure, I am a real estate broker working with the seller. If you have interest in taking a look at the property and do not already have an agent, then let me know. I will get you inside.