3bd 1ba in Charlotte MI

[Account Closed]

231 N. Sheldon St. Charlotte, MI

3 bed 1 bath 1,175sqft

Purchase Price- $26,500

ARV- $55-60,000

Estimated Repairs- $10,500

Repairs Needed:

Kitchen Update- $3,500

Bath Update- $2,500

New Flooring Throughout- $3,000 ($2.50 per sqft)

Drywall Throughout- $300

Replace six interior doors- $1,200

Total $10,500

Sold Comps:

1-15-15 $56,000 Address: 215 E. Harris St. 3bd 1ba 951sqft

11-18-14 $60,500 Address: 334 N. Bostwick St. 3bd 1ba 1,100sqft

1-12-15 $63,900 Address: 306 W. Shaw St. 3bd 1ba 1,232sqft

Description:

Roof in good condition only five years old. Good furnance and water heater new plumbing throughout. Vinyl siding in very good condition home has working central air, nice quiet neighborhood two sheds in back Michigan basement half is crawl space.