Click on the small pictures below the big picture to see more pictures. You need to click on the pics to see the remainder. Have about 20 pictures 🙂
This is a very attractive one. This is one we are going to wholesale. Owner knows we are wholesaling this one. The ARV is $300,000. (this ARV is determined by Cheshire’s top agent. We have a local agent walk through all our properties to bring you accurate numbers! Here is where it gets tricky. The 300K ARV is based on finishing the house as it is (2 bed, 2 bath). The ARV is higher if you use the additional unfinished addition as a huge master bath with an extra bathroom, bringing the house to 4 bed, 3 bath (which can be done effortlessly, wait till you see the house to understand why). Please do your own due diligence what this ARV would be.
The house is worth more but we are conservative with our numbers because it is on a road. Repairs are about $80,000. This includes brand new Kitchen (granite, new cabinets new appliances), refinish flooring, new paint job, update the bathrooms, finish the addition, Addition is currently finished on the outside and framed on the inside. All the additional needs is electrical plumbing and sheetrock. Easy! City gas hook ups available. Profit margin between $80,000 + (depending how you decide to fix it up).
COMPS
A couple of old houses that have been updated and on the market
760 Ives Row
Older Houses with some updates.
949 Wolf Hill Road
862 Highland Ave
Closed in the area
1338 Cheshire St
164 North Brooksvale much larger small 1 car garage