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Updated over 5 years ago,

User Stats

86
Posts
24
Votes
Corey Kenney
  • Realtor
  • Moorestown, NJ
24
Votes |
86
Posts

ARV ADVICE FOR PROPERTY BUILT IN 1868

Corey Kenney
  • Realtor
  • Moorestown, NJ
Posted

This property I'm looking at was built in 1868 (unless its a typo)but obviously has had work done to it because you could never tell at first glance. Is this going to cripple my ARV because all the houses I'm trying to I use for comps are more 1930's-1960. It has no basement and I think that's a positive and I can probably have it under contract for 70k or less while the comps are 220-260 but this property has an extra bedroom and more Sqft. So if the fact that it is older doesn't kill my numbers I could just about replace anything I need to and still make a nice profit. If I was the buyer I would not care when it was originally built as long as everything is up to code and in like new condition. Any advice would be much appreciated.

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