Nice Flip in Fresno (400k ARV, asking 255k)

[Richard Ayvazyan]

Found this potential Flip in Fresno.  Check out the Fliper Report for details:  http://www.fliper.com/report/388

Please contact the Listing Agent Directly.  

Thanks,

[Franklin Romine]

@Richard Ayvazyan

Some of your data is incorrect. 

Comp...4786 Maroa is 3/4 3,500 sf.

Comp...367 W. San Jose sold for $219K

Maroa is a busy street in Fresno. Sale comps are around $130sf at best. A safe ARV would be low $300's. A good acquisition price would be around 180-220K.

Also part of the listed square footage is possibly an addition.... permitted?

This is how I'm looking at it......

Frank