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Updated almost 2 years ago,
- Rental Property Investor
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Off market property, this a good deal?
I have a property thats off market.
ARV $250k, Rehab est $40k, purchase price $128k.
When you look up the address, zillow shows the wrong location, but if you use the other websites you'll be fine. 210 Monroe St. N. Quincy Florida. I ran it through BP flip and wholesale, and it came in much higher than $128k, however I want to sell this quickly as it's my first one.
Recent property same size 1600sqft just sold for $220k, and this property I'm selling is the same size and has a large spare office that can be converted to 1 or 2 bedrooms to add value, plus the kitchen isn't to big, which can be enlarged for cheap as the market doesn't require brand new kitchen cabinets. All comps painted over old cabinets and sold.