NORFOLK VA WHOLESALE - 545 W 38th St Norfolk, $95K OBO, ARV $250K-$380K depending upon quality of rehab

[Lisa Arlt Escoto]

545 W 38th St, Norfolk, VA SFR

Comps vary from $225K-$350K, depending upon the quality of rehab you intend to do. SOW and rehab estimates from my GC below. Message me with your email address if you'd like me to send you the comps report (CMA)

This is a job for an experienced rehabber and it has the potential for a big profit.

SOW and rehab estimate:  

ARV $225K ($60K rehab costs) or $350K (140K rehab costs)

buy as is $95K OBO

Architectural plans approved by City of Norfolk and building permit issued

demo done and ready for rehab

could close off 3rd floor and do standard finish 3 BR, 1.5 bath renovation for 60K with ARV $225K

OR

higher end finish, including 3rd floor 6 BR, 2.5-3 bath for $140K rehab, ARV $350K and cost $140K renovation

Scope of work - complete Renovation

Install grinders in basement area

Frame in New Walls

Run All New Plumbing

Run All New Electrical

Install New Drywall

Paint Inside of home

Install baseboard heat or new HVAC system

Install New Windows

Install Insulation

Install Trim and shoe molding

Install all new appliances

Install cabinets and countertop

Frame New deck porch

*High-end would be crown molding, expensive trim, Viking Appliances, dual HVAC system, etc.

Lisa

[email protected]