All Forum Posts by: Account Closed

I am looking to wholesale this property. That's all I am looking to do.

I am looking for a TRUSTWORTHY business partner to assist me with a deal in Colt Neck, NJ. Please contact me if you are interested.

Thanks Callum!

Is Hugo Oklahoma a good place to invest in single family homes?

Welcome to bigger pockets!

Hello Erik,

Lawrence Paul is a reputable contractor in the area. His contact info is 254-702-2922, www.lawrencepaulhomes.com He will take good care of you.

Anthony

Address: 12021 S Eggleston Ave, Chicago

County: Cook

Asking Price: $35,000.00

Type: Apartment Building

Beds: 8

Baths: 4

Sq. Ft.: 4,596 sq ft

Year Built: 1897

Basement: Unfinished

Lot Size: 6,150
Taxes: $2,610

Brick 4 unit in Pullman area of Chicago IL. Only $35000. Earn $32,000 pear year and a whooping 25 percent cash on cash return! This property has fire damage and needs a gut rehab. This was a highly performing rental property prior to fire last year. Each unit has 2 beds and 1 bathroom each unit is 1150 sq feet. Section 8 rental income was $4000 per month. 1000 for each unit.

Taxes $2610

Buy and Hold:

• Purchase price $35,000


• Rehab $100,000


• Operating expenses $10,213


• Vacancies/maintenance $5,203


• Gross Rental income $4,000 per month $48,000 per year


• Net cash $32,270 per year!


• Cash on cash return of 24.7 percent!


• Taxes: $2,610



Sold Comparables sold last 6 months within 1/2 mile, similar style/size properties

Click on comparable for more details of each one.



• 
  10725 S Calumet Ave, Chicago IL 60628 Sold for: $122,500 ($35/sf) (1.9 miles) sold 7/31/15


• 
  11221 S Champlain Ave, Chicago IL 60628 Sold for: $100,500 ($33/sf) (0.7 miles) sold 7/2/15


• 
  11443 S Champlain Ave, Chicago IL 60628 Sold for: $169,000 ($70/sf) (1.0 miles) sold 10/23/15




Estimated After Repair Value. $131,000

Act Fast this will be gone Fast. The first one with a signed contract and earnest money gets the deal.

Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title

Please due all your inspections and due diligence up front before contracting.

The price on the property has been lowered to $225,000 or best offer.

It's sold. Thanks for your input Sir.

Brick Single Family home in Garfield Ridge area of Chicago IL. Only $124,000. After Repair Value $230,000.Property is in great condition but needs a new garage. Basement is already finished with a full bath and 4th bedroom . Sold comparables sold for $226,000 to $240,000. Property can be rented for $1450 per month.

CLICK HERE FOR PICTURES

Taxes $3700 per year

Sold Comparables

sold last 6 months within 1/2 mile click on comparable for more details.

4905 S Leamington Ave CHICAGO, IL 60638 Sold On: Aug 3, 2015 $245,000, 2 months on market

4835 S LEAMINGTON Ave CHICAGO, IL 60638 Sold On: Sep 28, 2015 $226,000, 3 months on market

5152 S Menard Ave CHICAGO, IL 60638 Sold On: Jun 17, 2015 $240,000, 3 months on market

4835 S LEAMINGTON Ave CHICAGO, IL 60638 Sold On: Sep 28, 2015 $226,000, 2 months on market

Estimated After Repair Value $230,000

Act Fast this will be gone Fast. The first one with a signed contract and earnest money gets the deal.

Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title

Please due all your inspections and due diligence up front before contracting.

Realtors add whatever fee you want.