Must Sell $7,999 or Best OFFER! - Illinois SFR

[Austin Faux]

Great investment property 4 BLOCKS from Illinois College. Perfect for BRRRR strategy (Buy it, Rehab it, Rent it, Refinance it, Repeat). We've had two potential buyers and both dropped off. The first was another wholesaler that couldn't find a buyer, and the second was a guy that wanted to live in the property and decided last minute...literally cancelling via text hours before the closing. As such we just want to get rid of this property and are dropping it's sale price from $17,000 to $7,999 or BEST OFFER!!!! Seriously if you've got cash and can close quick we'll do it!

CALL NOW: (515) 360-8431 <-----------

Highlights: 

• 4 Blocks from Illinois College
• ARV: $110,542.50
• Cash Purchase: $7,999 - Or BEST OFFER!
• Seller Finance w/$3,000 Non-Refundable Down.

CALL NOW: (515) 360-8431 <-----------

Comps:

Since the property is pretty much gutted on the inside you can mold the bed, bath and floor plan pretty much to your liking. As such there is a 3/3 property that sold for $130,000 that had some light rehab done according to the pictures. Alot of the homes around the college campus which have had some rehab are selling between $100,000 - $130,000, but overall the neighborhood swings from around $80,000 - $125,000.

$130,000 (528 Rosedale Blvd) $86/sqft

$126,000 (17 Greenbriar Dr.) $77/sqft

$110,000 (861 W State St) $64/sqft

$110,000 (1008 Grove St.) $62/sqft

Avg Sqft = $72.25 x 1530sqft = ARV $110,542.50

Rehab:

The rehab is extensive and needs lots of work.  We've had a few different contractors go through the place and we've gotten different numbers ranging from $50,000 - $80,000.  The property potentially has some termite damage, but that hasn't been confirmed.  The reason we mention it is because one of our previous buyers said his contractor told him it has some termite damage, and he walked away.  But the contractors we had walking through the place didn't say anything about termite damage.

CALL NOW: (515) 360-8431 <-----------