Wholesale Flip Opportunity in San Francisco - Bernal Heights - Bay Area

[Peter K.]

Hello BP Community!

I have a flip opprotunity in the Bernal Heights area of San Francisco with some meat on the bone.  I was originally going to rehab it...and still may, but I have a few other opportunities and am thinking of taking a fast dime, rather than a slow dollar. 

Here is a quick overview.  If interested and qualified, I can send more details:

Currently, house is legally 2/1, 1250 s.f.

Purch Price to you:  $1,020,000

Construction budget: $300K (6-8 month project...maybe less if you have a good, fast crew)

ARV: $1.8M

Scope of work:

 - Gut rehab of existing square footage

- Rework the already finished basement to non-permitted in-law quarters of around 1,000 s.f.  Basement is already finished.  I would update and add a kithenette and laundry to make it "rentable" or great in-law unit.  For some additonal budget, it's possible to permit basement with some excavation.  

- Convert attic to permitted s.f. making the main living area around 2,400+ sf.  Already talked to the city.  This is an over-the-counter permit, since the building envelope is not changing.  There is 10' height in the attic.  7'6" is required for living space. 

- Add large deck off of kitchen to back yard, dramatically increasing usability and creating amazing views of the city. 

Finished project would be a 2,400 to 3,000+ s.f. beautiful, renovated home in a good area of the city with amazing views and a large deck for entertaining.  

Qualified, experienced cash/private money buyers, feel free to call or email me for more info. 

Happy Investing!

Peter