Fix And Flip

Big house on Scioto River

2151 River Rd, Delaware, OH 43015

$1,200,000 After Repair Value -
$395,000 Asking Price -
$500,000 Cost of Repairs =
$305,000 Potential Profit

Property Details

Asking Price $395,000

After Repair Value $1,200,000

Costs of Repairs $500,000

Potential Profit $305,000

Living Area 4500 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 4

Half Bathrooms 1

Parking 0

Listed with Agent No

Property Description

Hillside 3 story house on nice lot that has been empty for 2 years and had plumbing freeze ruining drywall and flooring. Then a pair of raccoons moved in and tore out some soffit and created havoc.
New roof, geothermal heat, Delco water, communications cable, excellent structurally.

Repairs Needed

Main heat is geothermal but there are 2 other zones that each need new heat pumps. 3/4 of the house needs new flooring. Yard and house need cleanup. Extensive drywall repairs. Kitchen and all bathrooms need redone. Theres a hole in the front yard where we planned to build a garage over basement storage, so probably to get top dollar the hole needs filled or pour walls and put two beams across with a concrete slab on top and a garage. Probably could spend $150K on decks in back of all 3 stories or put Juliet balconies at doors. Its a big project.

CONTACT LISTING OWNER

Leslie Montgomery

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