Description
Buy or hold opportunity in Engel wood park. This block home has a huge back yard that backs up to Engel wood park. The home needs a roof; we have an estimate for 13k. The home needs central air and duct work, we have an estimate for $3700 for the AC and $200 a drop for the duct work, so around $5500 total for everything. There is a small bedroom that could be used to make a large master suite and convert the half bath to a full bath. The back room could become the new 3rd bedroom. The home also needs a new kitchen, baths, windows, flooring and paint. Our rehab cost is between 50-60k. The ARV is 350k-365k.
Comps
7014 Hersey Way – 3/2/0, 1248sf, built 1960, sold 350k on 7/11/2025
5730 Crane Pl – 3/2/2, 1248sf, built 1959, sold 350k on 3/22/2025
606 Faber Dr – 4/2/0, 1410sf, built 1956, sold 365k on 7/15/2025
6373 Forecastle ct – 3/2/2, 1337, built 1970, sold 375k on 4/16/2025
10004 Sunwood Ln – 3/2/1, 1458sf, built 1968 sold 375k on 8/20/2025