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Updated about 8 years ago, 09/23/2016
Discounted Fix and Flip Opportunity Near Charlotte NC
I have a solid rehab opportunity for anyone who is looking for a big project with large returns. This house was built in 1909 and has been completed gutted on the inside. Someone started the project several years ago but never finished. Roof, siding, doors and windows all are in pretty good shape, but the interior needs a ton of work. Estimated rehab costs from a contractor I just sent out there are around $80k. Purchase price is $65k and ARV is between $190k and $220k.
A cash purchase would yield profits of $40k - $70k with an ROI of 27% - 47%. This will definitely be fit for someone willing to take on a big rehab, but the potential rewards are there.
Please contact me for more info. I have pictures, a walk-through video and the lockbox code for interested buyers. Need to close by October 10th at the latest.
Thanks,
Jason