All Forum Posts by: Virgil Donaldson

Is there anyone that can provide me with a list of developers in Little Roock Arkansas. I have an abundance of land that my team has acquired and have been looking for a good est (price per sqft) to build multiple units on. 

Investment property for sale in Nashville, TN located on Moormans Arm rd. The property is in the HAYNES MANOR SEC 02 neighborhood of Davidson County: This property is appraised at $162,000 AS-is in 5/2018 with no repairs. This property is 1,200 square feet and has 3 bedrooms and 1 baths.
The total land size of this property is 0.24acres.
This property is vacant.

The last assessment showed the property was in AVERAGE condition, Cooling type: AC.CENTRAL, Wall type: BRICK, Roof Cover: ASPHALT,

Rents are going $1500/mo
rehab for rental = 18,000

repairs for ARV Sale= 27K
ARV= $200,000

Sale Price= $135,000

This property is worth around $164,000 as-is. ARV peaks over $199,000. This property is 1,200 square feet and has 3 bedrooms with Den and 1 baths. The total land size of this property is 0.24acres.

Haynes Manor near East Trinity Ln and Whites Creek pk. Home rest in older neighborhood where home are all brick. There is not much work that needs to be done to this unit to get it market ready. has nice hardwood floors

Rehab Info: area doesn't call for top of the line appliances and finishes yet
Replace water heater, appliances in kitchen and cabinets, paint, windows and doors, landscaping, and clean up in bathroom and throughout

Add instant value:

Zoned R11 which in Nashville is multiple dwellings. Allows for more than one unit to occupy this lot, which is common practice in Nashville.

@Daniel Beaulieu  Do you still help new investors flip their first house. I am currently negotiating a house in Haynes manor to get under contract. Would love to chat with you, about next steps(title companies, private lenders or cash buyers, contractors etc)

@Roberto That makes a great bit of sense, since I have noticed most of them R10 and R11. Did you happen to buy the lots already flat or tear downs? I only ask that because unlike North Nashville, many of these homes in Bordeaux/Haynes manor are still habitable. So purchase may run around 100k-150k. That leaves small profit margin if only able to pull 300k on each 

I have noticed there have been new development plans released to the public for the MLK bridge/Clarksville HWY bridge. And the development that has been stretching over from the east nashville(nearI-65) off of dickerson pk coming up on the hills of fern ave. Which is pretty much trapping that Haynes Manor are in the middle. 

Now most of those are 1950/60s brick homes that typically had 3/1. Which leaves you having to either add another bathroom or consider tearing down to put two units on the one lot. However, the market for the Tall-and-Skinny's has not yet reached that area.

Are there any investors that are tearing down currently in that area? Could it be taken over for PUDs/Tall-and-Skinnys?