Fixer upper, I want to get this deal sold, but can I?

[Toni Bird]

Hi Everyone! I appreciate your interest in my post, as I am new in the field and have my hands on a contract that I am having a hard time selling... or maybe I just haven't found the right buyer.....

This property I have under contract is a fixer upper property, but the numbers make the investment well worth it.

Details:

ARV 242k

Asking price 62k

Repair costs 50-100k

Sold comps 230-250k

*Repair costs were given to me by contractors, and vary because the house was last used as a rooming house so can either be made into a single family/rooming house/hotel/ bed and breakfast... or can be turned into a four family complex, which would cost a little more.

The house also doesn't have any kitchens or bathrooms currently and just overall needs work. The neighborhood is quiet and clean, near downtown, 20 minutes from the beach and is surrounded by other rental houses. [3,048 sqft on a 4,321 sqft lot]

So far I have sent this property out to many investors and have not had any catches. I am wondering, why am I having such a hard time selling this house? I believe there are buyers for everything, and maybe I just haven't found the right person. But does everyone think these numbers make sense? I see a big cash flow once fixed up because rent in the area is average 1,000-1,200/month. Also, even if you went to the highest repair cost, [100k] the math would be [242k-100k-62k=80k] That's a big profit!

A lot of buyers say they love re-habbers and fixer uppers- so am I just targeting the wrong buyers?? My contract expires Nov 30, 2015- I really don't want to extend as the seller wants to close asap and I promoted that I would do that for him... 

What should I do?? Who should I turn to?? Even though I am a newbie, I have educated myself very well and have learned that to investors, it's all about the numbers. These numbers definitely make sense to me. What does everyone else think?

Again thank you so much, every response helps me get closer to not only my sale, but learning and expanding as a real estate professional!!