Updated about 9 years ago on . Most recent reply
Rehab Deal in Ridgeside area of Chattanooga, TN
I am hoping some of our local Chattanooga folks can give me some guidance on this one.
1,550 sq ft
It's a 3br/2bath
It's in for 70k
Rehab for 25k
3.5 week project
Holding cost under $500
ARV 118-120k
Potential profit 20-25k
No financing, cash deal
Project is in Ridgeside east of Tunnel Blvd.
So my question is really around current movement. Are houses selling in that area? Is there any positive rehab happening that far east?
I don't want to get stuck with a listing for 60+ days...
Thank you for your help!
Mykael