3/1 on Basement in Jefferson Park

[Brandon Comer]

This property has a lot of potential to it. The unfinished basement adds a lot of value to the property if completed. Below are two scenarios that can take place:

• Finish Basement: $55,000 in rehab costs, ARV of $190-205k with comps
  • This will add another bed and bath to the property, making it a 4 bed, 2 bath house, which in Jefferson Park, will demand upper 190's to low 200's.
  • This also includes adding dormers to the 3rd room on second floor, an awning above the entrance, landscaping, opening up the wall between kitchen and living room and redoing the existing bathroom.
• No Basement: $40,000 in rehab costs, ARV of $165,900
  • This includes adding dormers to the 3rd room on second floor, an awning above the entrance, landscaping, opening up the wall between kitchen and living room and redoing the existing bathroom.
There is already activity on the property and a few verbal offers, so call Brandon ASAP if you'd like to view the property. 678-631-6101 

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