Farmington NM, Investor Deal, Fix and Flip, 30%+ deal, Or Rental

[Fred Marquez]

Investor Special

This house has been a rental for the past decade $700/month. Currently unoccupied. Needs new flooring and paint. Possible appliances, and counter tops. This is an over 30% deal for a fix or flip. Or can make an excellent rental property. Close to schools. Large lot.


1113 sq ft. 2 bed room/1bath, 3rd multi-use room, that could be made into 3rd bedroom. 1/4 acre lot. Zillow Estimate $125,379, rental estimate of $700-$900/month. Tax Appraisal $96,000.

Asking 70,000, open to offers

Flip as is: $90,000

Repair estimate: 15k -20k

ARV: $100k-$120k, depending on level of repair.

Cash deal, need to close by end of July.

Do your due diligence

Call Fred @ 979-997-1656