Wholesale FSBO

ARV OF $175,600.00

12 Terrace Way, Middleborough, MA 2346

$177,800 After Repair Value -
$80,000 Asking Price -
$50,000 Cost of Repairs =
$47,800 Potential Profit

Property Details

Asking Price $80,000

After Repair Value $177,800

Costs of Repairs $50,000

Potential Profit $47,800

Living Area 7600 ft2

Property Type Land

Bedrooms 2

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $35,600

Yearly Expenses $3,500

Property Taxes $2,100

Net Operating Income $30,400

Cap Rate 16%

Property Description

Property is a complete rehab- Sold AS IS AND AS SEEN- Property definitely in need of some TLC total Gut or Completed Rehab needed.
Property Holds a Title 5 and will require a entire replacement. Looking at $5,500-$7,500.00 in cost
The home sitting on a 7600sqft LOT has the size of 640sqft single floor Bungalow style home- Complete Gut needed or possible tare down- After reviewing the property, it can be rebuilt between $45-55 per sqft or 30-$35k to reconstruct
Originally seller listed for $110,000 which I believed was way to high
The potential could be a fix and flip or fix and hold
Would be great for a Airbnb investment for homes for this size 1 bed /1bath totes $99-116 per night!
1bed 1bath currently but home is a completed gut and/or tare down and septic needs to be replaced
Total costs $58,000 (repairs only)
ARV= $177,800
Closing -4500

The deal I have under contract is $75,000

Repairs Needed

Septic System: \r\nNational Install or Replace Septic System Project Costs\r\nMost homeowners spend between $3,185.00 to $6,070.00 within 02346. (www.homeadvisor.com) \r\n\r\nHome Demo (Gut or total rebuild ) $5,000 to Demo 640sqft per 4 homeadvisor quote \r\n\r\nRebuild $50.00 per sqft =. $32,000 or maybe less per 8 quotes avg from home advisor

CONTACT LISTING OWNER

Gary Leonard

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