West Chester, Pa Complete Renovation Project!!!

[Shawn Connors]

Hey BP,

We have a large 202 year old colonial home contract for sale in beautiful East Goshen Township of West Chester, Pa. This property is truly a piece of Chester County history and is in need of a total renovation. It can also be looked at as a knock-down, new-build. Estimated cost to tear down the existing structure is 40k. This project is for the more savvy investor with experience in complete renovations or new construction. The West Chester market is extremely hot right now and inventory is very low so this will command a great price when finished.

Purchase Price- 220k

Estimated Repairs- 180k +/- ***Please perform your own due diligence

Estimated ARV- 575k-625k

Comps for Renovation:

1118 Chateau Dr, West Chester, PA 19382 (DOM 23, sold for 570k)

601 S. Speakman Lane, West Chester PA 19380 (Older comp, slightly larger with 1.5 acres less of land sold at 635k

308 Joseph Dr, West Chester PA 19380 (1 acre less of land, DOM 14, sold for 570k)

202 Farrell Dr, West Chester PA 19380 (larger home, 1 acre less of land, DOM 13, sold for 650k)

Potential Comps For New Construction:

1549 Colonial Ln, West Chester, PA 19380

957 Cornwallis Dr, West Chester, PA 19380

1631 E Strasburg Rd, West Chester, PA 19380 (1 acre parcel that is pending at 199k)

https://www.biggerpockets.com/house_flipping_resul...

I have attached a link to pictures of the property also. If you have any questions or would like to see the property, please PM me!

***If you were to purchase this property and renovate it or build a new home, I can list it on the back end for you at 4% (2.75% for buyers agent and 1.25% to listing agent)***

https://drive.google.com/folderview?id=0B8GT9qT98L...