Investment Property Under Contract in McMinnville, OR

[Bryon M. Monson]

Here is a great property to flip!

Property Address:

950 SE Hembree St. McMinnville, OR 97128

3 Bed / 1 Bath w/ 2 bedroom upstairs loft-1906 square feet

Projected Net Profit: $29,000

Purchase Price:$172,100

ARV: $290,665

Comps:

¨1865 NE Evans St. McMinnville, OR 1986 sq. ft., Sold for $265,000

¨1410 NE 16th Ave. McMinnville, OR 1728 sq. ft. Sold for $249,900

¨448 NW 18th Pl. McMinnville, OR 1810 sq. ft., Sold for $299.900

¨1515 SW Goucher St. McMinnville, OR 1551 sq. ft., Sold for $262,000

Average $ per sq. ft. = $290,665 for ARV

Repair Estimate:$48,000 to 58,000

- Roof, Siding, Full Kitchen Remodel, 2 Full Bathroom Remodels, Blockage in sewer pipe and needs HVAC system

Some info about the property, the lot is very large and has the possibility to be sub-divided into 2 or 3 lots – subject to buyer’s due diligence.Lot size is .28 acres and is zoned R3.

Pictures:

Closing date: May 5th, 2017

Nonrefundable Deposit: $2,000 (email or call for details)

The first person to get us a signed contract and nonrefundable deposit gets the deal.This one will go fast so contact me with any questions and to schedule a time to look at the property.

Sincerely,

BSM Ventures, LLC

Bryon and Stephanie Monson

(503) 714-0178

[email protected]