Investors! Fix & Flip Deal in Western Henrico

Freestone Ave, Richmond, VA 23229

$300,000 After Repair Value -
$199,000 Asking Price -
$35,000 Cost of Repairs =
$66,000 Potential Profit

Property Details

Asking Price $199,000

After Repair Value $300,000

Costs of Repairs $35,000

Potential Profit $66,000

Living Area 2500 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 0

Property Description

4 bedroom 2.5 bathroom Living Space: little under 2500 sq ft(will confirm final number once you reply) Year Built: 1960 Cooling: Central Air Heating: Gas Heat Lot Size: .4 acres Property is right off of N. Parham near Regency Mall in the west end. This is a fantastic place and location for you to renovate and then sell quickly on the open market. Property will need some general updating on the inside. There was an addition that was added a few decades ago that added a little over 500 sq ft plus an extra bedroom and bathroom. We are in the process of getting proof since it was logged with the city but not updated on the county website. After physically going to the location we can confirm the extra additions. The roof was done about 5 years ago. Property is all on one level Est Repairs: ~35-40k ARV ~300k+. Estimate based on the property having 600 to 900 more sq ft then the comps listed above although the neighborhood might have a top price. The ranches have been going anywhere from 120 sq ft to 140 sq ft based on the condition renovations and you can see the from above ranches in the neighborhood sell pretty well. Price: 199K or highest offer above or below asking price

Repairs Needed

-

CONTACT LISTING OWNER

Yvonne Valentino

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