This BMV Property Near Solomons Is. Can't Wait To Give You Cash!!

[Bobbie Mixon]

Hi all,

This distressed 3 bed/2 full bath property sits in a desirable, well-kept neighborhood near Solomon's Island in Lusby, Maryland and is very much under market value. It's eagerly awaiting a fix and flip, or buy and hold. It has a front deck, rear deck and patio, and a shed. 

Here are the details:

Property: 522 Maple Dr., Lusby, Md.

ARV: $225,000
Repairs: $75,000
Asking: $75,000 OBO

Recent Comps:  

AVAILABLE PROPERTY: 522 Maple Dr., 3bd/2ba, 1036 sq. ft.
SOLD Jan. 5, 2016 -- 8312 Evergreen Dr., $266,000, 3bd/1ba, 1,008 sq. ft., .17 miles
SOLD Jan. 8, 2016 -- 8305 Circle Dr., $215,000, 3bd/2.5ba, 1,404 sq. ft. .34 miles 
SOLD Feb. 29, 2016 -- 408 Laurel Dr., $210,000, 4 bd/3ba, 960 sq. ft., .22 miles

Rentdex
Annual Taxes: $3,410/yr - $284/mo
Annual Insurance: $260/yr - $80/mo
Annual Expenses: $1,200 - $1,000/mo
HOA Dues: $180/yr - $15/mo (paid annually)
Refuse Fee: $121
Average Rent: $2,125

The property comes with a split foyer. The kitchen and living room are separated by a wall that can be removed, increasing the kitchen's size and providing an open concept that will appeal to buyers and increase the property's value. 

A 3rd bath was begun in the full basement, but not completed. Full basement increases overall living space. The basement has plenty of open space with a wood burning stove and a bar, giving you insight into the potential of this property. 

If you would like to see the property in person, please send me a message on BiggerPockets or use my contact information below. Pictures follow. More pictures of the exterior and interior can be found here: https://www.flickr.com/gp/137988904@N08/01Y1Cj.

V/R
Bobbie

Bobbie Mixon Jr.
Mixstreet Investment Properties
3540 Crain Highway, Suite 288
Bowie, MD 20716
(301) 200-2422 (Office - main)
(800) 973-5084 (Office)
www.facebook.com/mixstreetinvestmentproperties
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