Wholesale Fix And Flip

Jackson MS Fixer | New Roof | $50K | ARV $120K

224 Hartfield St, Jackson, MS 39216

$120,000 After Repair Value -
$50,000 Asking Price -
$35,000 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $50,000

After Repair Value $120,000

Costs of Repairs $35,000

Potential Profit $35,000

Living Area 1,176 sq ft ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 1

Parking 1

Listed with Agent No

Property Description

This property at 224 Hartfield St, Jackson MS is a value-add opportunity with mixed condition throughout. The front two bedrooms are in good shape, needing only cosmetic updates. The back section requires more substantial work, including wiring and full renovation, plus the back bedroom needs to be hooked up. There’s no HVAC or duct work currently installed. On the plus side, the roof was replaced just two months ago, and the property includes a one car carport plus storage in the back.

Asking price is $50,000, with an estimated $40,000 in repairs and an ARV of $120,000, leaving solid room for a buyer to work with depending on their numbers.

Repairs Needed

This property needs a mix of cosmetic and structural work. The front two bedrooms only need cosmetic updates, paint, flooring, finishing touches. The back of the property requires more involved work, including rewiring and a full renovation, plus the back bedroom needs to be hooked up and made livable. There\'s currently no HVAC system or ductwork installed, so that\'s a full install from scratch. The roof was already replaced two months ago, so that\'s one major item already handled for the next owner.

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Sia Nkosi

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