FLIP in Allison Park (North of Pittsburgh)

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FLIP in Allison Park (North of Pittsburgh)

David T.

Commercial Real Estate Broker · Pittsburgh, PA · Member since 2014 · 16 posts · 0 votes

Price: $119,900.00

Property appraised for $135,000 in "as is" condition. ARV of $200k+

1418 square feet per county records

Lot size: .26 acre per county records

2014 Taxes: $4386 per County website. (numbers estimate only not guaranty)

Link to more photos: http://postlets.com/s/4840-spring-valley-dr-allison-park-pa-15101/12960376

Looking for cash buyer only.

Thank you,

Dave

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Dan Costantino
Rental Property Investor · Pittsburgh, PA · Member since 2013 · 178 posts · 57 votes
11y
how much in repairs? Estimate...
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Ian Hoover
Bridgeville, PA · Member since 2013 · 395 posts · 105 votes
11y
Can you please let us know what the scope of work that needs done is? I have a few buyers that might be interested but it looks mostly cosmetic, also what is the repair estimate and the ARV?
Thanks
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David T.
OP
Commercial Real Estate Broker · Pittsburgh, PA · Member since 2014 · 16 posts · 0 votes
11y
Hey Dan, I would say somewhere around $30-40k depending on what you pay for labor. I have one quote from Bakers to install a sump pump for about $4k.
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David T.
OP
Commercial Real Estate Broker · Pittsburgh, PA · Member since 2014 · 16 posts · 0 votes
11y
ARV is $200k. This is based on recent sales such as 3504 Valleyfield Dr., Allison Park, PA 15101 which sold for $182,000 in June of 2011. That was 1436 square feet and also a bi-level house with 3 bedrooms constructed in similar year. That was almost 4 years ago and that was just a homeowner who had maintained their home.
I typed out a list of renovations. The formatting might have gotten a little messed up but should still be readable. The furnace is 15 years old so not sure if you would replace it or not.
Renovations
- 1.Exterior
- a.Windows – total 13
- i.Front – 9
- ii.Right side – 2
- iii.Back – 2
- iv.Left side – 0
- b.New Siding
- c.New Roof
- d.Paint Shutters -
- e.Front door
- f.Interior Doors
- g.Interior door hardware
- h.Exterior door hardware
- i.Paint garage doors and patch and paint columns
- 2.Waterproof rear wall - $4,050 (Bakers waterproof quote)
- 3.New furnace (current forced air furnace is 15 years old)
- 4.A/C condenser
- 5.Downstairs Bathroom
- a.Removal wallpaper, prep walls, paint
- b.New Tile
- c.New toilet, vanity w/ countertop, mirror, faucet
- d.New air vent and patch ceiling
- e.New shower stall
- 6.Garage
- a.Patch ceiling
- b.Paint walls
- 7.Front bedroom
- a.Removal wallpaper, paint
- b.New carpet
- c.New blinds
- d.Update electrical to 150 amps
- 8.Rear bedroom
- a.Remove wallpaper, paint
- b.New carpet
- c.Blinds
- d.Door for closet
- 9.Upstairs Bath
- a.Tile
- b.New toilet, vanity, mirror, faucet
- c.Storage rack
- d.Other fixtures
- e.New tub door
- f.New Tub
- g.Plumbing
- 10.Kitchen
- a.New cabinets
- b.New appliances
- c.New countertops
- d.Carpentry for new layout
- e.Electrical
- f.Cabinet hardware
- g.New fixtures
- 11.Master bedroom
- a.Carpet
- b.Blinds
- c.Paint walls, baseboards, crownmolding
- d.New closet doors
- 12.Family Room
- a.Remove wood paneling
- b.Patch and paint
- 13.Entryway
- a.New tile
- 14.Miscellaneous
- a.Baseboards
- b.Stain deck
- c.Remove hot-tub
- d.Fix decorative beam
- e.Concrete stairs outside
- f.Dumpster rental
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