Wholesale Retail Fix And Flip

Double-Wide Manufactured Home on Permanent Foundation in Penrose, ready for fix/

14th St, Penrose, CO 81240

$350,000 After Repair Value -
$143,000 Asking Price -
$90,000 Cost of Repairs =
$117,000 Potential Profit

Property Details

Asking Price $143,000

After Repair Value $350,000

Costs of Repairs $90,000

Potential Profit $117,000

Living Area 1440 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 2

Listed with Agent 1

Property Description

Property Details:-3b, 1ba-1,440sqft-Built in 1974-3 Acares-Metal roof-2-car Detached GarageTerms-Closing: 6/10-EM: 5k-Possession: Vacant at closingContact Tom for offers or questions (720)738-4635

Repairs Needed

You can buy this SFR for $143,000. Your closing costs, title insurance, holding costs & back-end commissions will cost an approx. $17,000. The renovation is estimated to cost $90,000. With this, your total basis in the deal will be $250,000.\r\nAssuming the house resells for $350,000, your deal profit would be: $100,000

CONTACT LISTING OWNER

Tom LVN

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