Off Market Property - 58% Under Market Value - Good rental opportunity!

103 Elm St, Petersburg, VA 23803

$100,000 After Repair Value -
$30,000 Asking Price -
$0 Cost of Repairs =
$70,000 Potential Profit

Property Details

Asking Price $30,000

After Repair Value $100,000

Costs of Repairs $0

Potential Profit $70,000

Living Area 1059 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $12,000

Yearly Expenses N/A

Property Taxes $1,064

Net Operating Income $10,400

Cap Rate 10%

Property Description

Calling all investors! This fix and upper is a perfect opportunity for a rental investor. New roof installed one year ago, new HVAC, new outdoor A/C unit, and converted upstairs which accommodates an extra bedroom and bathroom. Rehab was initiated by the original owner but never finished. Please reference photos to gauge suitable level of renovation that works for you.

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