3/1 in IL: Full 50% ARV with almost no rehab needed! Great deal!

[Ryan Gillis]

Great buy and hold unoccupied property in Fairview Heights in Metro East Illinois. The 1446 frame house sits on a half-acre lot. The most recent FMV (according to tax assessor) is 67k, and comps put it at 55-60k.

No rehab required except for replacing a couple of windows (probably $500), and perhaps the bathroom and kitchen would look better with updating. It has a full basement, re-finished floors, a new central AC, new duct work, as well as landscaping, and it's been re-painted.

Cash or hard money only. No inspection period, so inspect first. Buyer pays all closing costs.