CASH FLOW AND MAJOR EQUITY INCREASES w/ this Purple Line Turnkey

[Bobbie Mixon]

Hi all,

This is a very nice, ready-to-rent/lease option, property. It's a 3 bed/2 bath that sits about a mile from the coming Beacon Heights metro station in Riverdale that will service the metro's new Purple Line. This means if/when you desire to flip the property or sell it to a lease in three or four years, increased equity is all but assured. (The Purple Line is scheduled to be complete in the next 6 years.)

The property has recently updated bedrooms, bathroom, floors, windows. An investor may wish to update the kitchen. It also has a full basement that could use some work, but it is ready to rent or lease on day one!

Here are the details:

COMPS

AVAILABLE PROPERTY 6113 Roanoke Ave. 3bd/2ba, 936 sq. ft.
ACTIVE -- 6012 Norman Ave., $275,000, 3bd/2ba, 1002 sq. ft., .3miles
PENDING -- 5709 Somerset Rd., $258,000, 4bd/2ba, 780 sq. ft. .75 miles
ACTIVE-- 6402 Auburn Ave., $275,000, 4bd/2ba, 980 sq. ft., .9 miles
SOLD Sep.25, 2015 -- 5904 Roanoke Ave., $270,000, 3bd/2.5ba, 1,040 sq. ft., .2 miles 

ARV: $265,000
Rehab: $15,000
Ask: $213,000

Current Mortgage: ~$162,000
Rent: $1,615 to $1,825
Cashflow: ~$170/month to ~$370/month

The property currently is occupied, but will be vacated by close. If you would like to ask about this property or see it 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: http://tinyurl.com/j8lle79.

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
www.linkedin.com/in/mixstreetinvestmentproperties"We'll pay your memories forward"