Bedrooms: 3 Bathrooms: 2 Parking Spaces: 2 Year Built: 1959 Subdivision: Fairwood and Robandee Lot Size: 7995 Garage Size: 1 Square Footage: 1500 finished Rehab Estimate: 36,000 ARV: 155,000
Price: $71,000 Flexibility: Negotiable
8914 Manchester Ave
Kansas City, MO 64138
| I contracted this property deal - and may still yet tackle this one as a fix and flip myself - (if you see it has a pending offer - it does - ME!! ) ;) but thought i would offer it out to the buyer's list... price is marked up to include my wholesalers fee - but make your offer... My due diligence has shown the numbers below:
Bed: 3
Bath: 2
Square Feet: 1500 (Including Full Basement)
Year Built: 1959
Location: Great investment property. This is a great opportunity in great condition and we are eager to sell. This is a fixer upper and the home has some foundation repairs included in our rehab estimate. Landscaping required to make the property pristine, presentable and with curb appeal. Service/repair of the mechanical system to assure maximum efficiency. Updating kitchen and bathroom cabinets.
Fresh Paint on the interior to modernize the look and feel of the home.
Increasing unfinished space in basement to add bedroom and bathroom.
Foundation repair. Rehab budget used was $36,000 to complete the above.
Investment Details
Purchase Price : $ 71,000 (includes wholesalers fee + Double Escrow Closing Costs)
Repair Cost: $36,000
ALL-IN dollars $107,000 (Purchase Price plus Rehab Costs).
ARV (After Repair Value): $ 155,000 (CMA shows comps 135-155)
Projected Equity (All Cash): $ 48,000
Rental Income ranging: $ 825-1200
Estimated Turnaround: 3 months
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