Updated almost 8 years ago on .
Off market Buy and Hold in South Deering!!! Raining Cash-flow!
PROPERTY DESCRIPTION
-Great cash flow opportunity in South Deering. Brick single family in a nice neighbourhood with 3 bedrooms, 1 bath. Entire block is full of brick houses of similar structure and upkeep. House is already in great structural condition and the rehab is mostly cosmetic. A full driveway is a great amenity, close to Olive Harvey College, CTA bus station building, and a police department is close to ensure the neighbourhood’s safety. Very close to the Bishop Ford expressway for added convenience to travel towards Downtown Chicago. Great cash-flowing property!
Price: $53,000
Rehab Cost: $30,000
ARV: $115,000
Cash on Cash Return: 11.5%-13.5%
Rent: Can receive $1250-$1300 for rent, if placing a section 8 tenant is there can receive up to $1450 for rent at 13.5% CCR!
PROPERTY DETAILS
- Bedrooms: 3
- Bathrooms: 1
- Square Footage: 1054
- Year Built: 1954
- Type: Brick Single Family
- Basement: unfinished
- Garage
- Heating: Forced Air
- Cooling: Central A/C
- Water: City
- Sewer: City
- Amenities: Full Driveway
- Taxes: $1,969
REPAIRS NEEDED
- Medium rehab
- Hardwood floors sand and stained
- Kitchen needs new cabinets, kitchen faucet and counter top, kitchen appliances.
- Bathroom needs a medicine cabinet and sink faucet
- Replace AC Unit
- Replace furnace
- Vent doors on air ducts in the house.
- New light fixtures throughout entire house
- All bedroom doors need to be replaced
- All New closet doors
- Replace some baseboard in the house
- A garage fascia
- Power wash garage and paint garage
- New garage doors and remote
- All new light fixtures throughout house
- New screen and storm doors
- Entire house needs painting Paint front of the house
- Very light landscaping
COMPARATIVE SALES
-Please reach out to me for them
TERMS OF SALE
-The highest Cash Offer will take the deal. Do your due diligence before contracting. Send in Proof Of Funds along with your Offer. Cash Offers will be favored.
We have equitable interest in the property and we are selling our contract.
- Do your own due diligence. The info listed above is to the best of our knowledge Cash or private/hard money only
- Buyer pays ALL closing costs which include Transfer taxes, title insurance, and title company fees
- Buyer will receive taxes prorated to 100 percent and free and clear title
- Proof of funds required for viewing
- The first investor with a signed contract and earnest money gets the deal
- This is an IRA Qualified investment
- Our licensed, insured and bonded contractor will do the rehab for you if needed
*DISCLAIMER: This information is deemed reliable but is not guaranteed
PICTURES
https://www.dropbox.com/sh/jr2b5eneqto8w5y/AAAIEoF...
CONTACT DETAILS
Elbert