The property is shown on redfin as a 3 bed 2 bath 1644 sqft. 1920\'s build. However, the 3rd bedroom (downstairs) is unfinished (needs a closet, doors and AC ducts).
The current ARV ($ - ,000) is based on the current 2/2 - 1,200 sqft.
Repair estimate is right at $25,000 in cosmetic updates; Including; paint, flooring, texture, kitchen and bathroom updates, landscaping.
BIG THREE: - The roof is 18 months old - Foundation is solid, - HVAC was blowing warm air during the inspection.
The ARV as a 3/2 jumps significantly to $ - ,000. Finishing out the 3rd room would increase the budget by around $10-15,000. Ducting/framing/cosmetics will be needed to finish out the additional square footage downstairs but your return would cover any expenses significantly.
Third bedroom would have to be completed (closet and flooring added), paint, flooring, texture, kitchen and bathroom updates, landscaping.
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