Description
Block 3/2/1 with 1400+ square foot SFR, that’s in livable condition but will still need some rehab to get it up to snuff for resale or a rental. The plumbing and AC were both replaced in 2014, but the roof is on it’s last life. Electrical panel is up to code. You are going to need cosmetics throughout.
Property is tenant occupied. Tenant is elderly and has been there since 2014; she’s been paying $1000 for rent since then. Tenant is aware that the house is being sold. Owner has told her that she may have to move and will give her notice if the new owner doesn’t want to keep her as the tenant and that rent will more than likely be raised. For this reason, access will be by appointment. Please do not disturb the tenants.
All of the comparables are in the same area and are roughly the same size and style. We feel our estimated ARV of $330,000+ is pretty spot on. We will have pics in the next few days.