Wholesale

5BR Edgewood Home with Finished Basement & $60K+ Investor Spread

Siwanoy Dr, Edgewood, MD 21040

$440,000 After Repair Value -
$355,000 Asking Price -
$25,000 Cost of Repairs =
$60,000 Potential Profit

Property Details

Asking Price $355,000

After Repair Value $440,000

Costs of Repairs $25,000

Potential Profit $60,000

Living Area 2348 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 3

Half Bathrooms 1

Parking 2

Listed with Agent No

Property Description

Off-market investment opportunity in Edgewood, MD featuring approximately 2,248 sq. ft. with 5 bedrooms and 3.5 bathrooms. This property offers a desirable layout including a primary suite, finished basement with additional bedroom and full bath, formal dining room, family room, kitchen with island, rear deck, and 2-car garage. Located on a cul-de-sac and built in 2003, the home requires primarily cosmetic updates, making it an attractive option for investors seeking a straightforward value-add project.

Deal Highlights:

Purchase Price: $355,000
Estimated Rehab: ~$25,000
Total Investment: ~$380,000
Conservative ARV: $440,000+
Projected Spread: $60,000+
5 Bedrooms / 3.5 Bathrooms
Finished Basement
Rear Deck
2-Car Garage
Built in 2003

Property is being sold as-is. Buyer to perform independent due diligence and verify all information. Proof of funds required prior to showing

Repairs Needed

De-trashed, new carpet, complete painting of interior, restain deck, put up railing to basement, 1 bedroom door need replacing, a shower door need repair, 2 vanity cabinets in bathrooms need to be replaced, main rail going to second floor needs to be re-varnished.

CONTACT LISTING OWNER

James Brown

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