Duplex - Trainwreck! - Estimated repairs 30K - Nearby New homes $120K+

1537 Picquet Ave, Augusta, GA 30901

$125,000 After Repair Value -
$35,000 Asking Price -
$40,000 Cost of Repairs =
$50,000 Potential Profit

Property Details

Asking Price $35,000

After Repair Value $125,000

Costs of Repairs $40,000

Potential Profit $50,000

Living Area 3049 ft2

Property Type Duplex

Bedrooms 2

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $800

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

Each unit has 1 Bed 1 Bath and is 3049 sqft total.
Major updates needed.
New nearby properties priced at 125k - 150k

Repairs Needed

You would need to remold the building to get the maximum avr estimated at $150k+\r\nIt can be upgraded to a 3 bedroom unit with a balcony on the front and back.\r\nI would go with a more modern look , new paint pastel color. It needs a roof.\r\nThe foundation is solid.

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