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Updated about 8 years ago on . Most recent reply

User Stats

175
Posts
51
Votes
Adam M.
  • Lawrence, KS
51
Votes |
175
Posts

Getting the price down

Adam M.
  • Lawrence, KS
Posted

Looking at a property that could make a great BRRRR opportunity but it looks to be significantly overpriced (20-30%). List price is $125k for 3 bed 1 bath 1008 sqft. so $124/sqft. Wood floors but looks like it needs new kitchen, windows, bath, and some exterior work. It is a good rental neighborhood just south of campus. To me it looks like recent comps would put the property at most $80-90/sqft. Any suggestions?

http://www.zillow.com/homedetails/1424-W-22nd-St-Lawrence-KS-66046/2098066910_zpid/

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