Looking for a lender to refinance 100% Purchase price and 100% Rehab. I already have over $35,000 in the deal
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Address: 1011 Woodside Ave, Clifton Heights, PA 19018
Purchase price $82,000
Rehab budget $75,000
ARV $250,000
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Description
Single Family Residence
Originally (before rehab)
- 4 bedrooms (2 bedrooms on main floor and 2 bedrooms on second floor);
- two bathrooms on main floor;
- two unheated side rooms (one with glasses and another like a screened porch)
- square footage 2025sq ft
- 1 car garage
- full unfinished basement
- inground swimming pool
- wire fence
After rehab
- 3 bedrooms (2 bedrooms on main floor and 1 bedrooms on second floor -
master bedroom ensuite);
- 1 bathrooms on main floor;
- 1 bathrooms on second floor in master bedroom
- two insulated and heated side rooms:1 sunroom and 1 built-in office (adding 200 sq ft to
the sq footage of the house)
- square footage 2225sq ft
- 1 car garage
- full unfinished basement
- landscaped piece of green grass where inground swimming pool existed (after breaking it
and filling it up)
- 12 x14 wooden deck at the rear of house
- wooden fence
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List of improvements / Budget of repairs
Summary: Remove bathroom between kitchen and dining, and part of living room wall to create open concept; hardwood flooring running from living room door to kitchen door. Combining the two bedrooms upstairs to make master ensuite with a bathroom having a shower and bathtub separately and a twin sink vanity; walk-in ward robe and large carpeted bedroom (open plan ensuite);
__________________________________________________________________________________________________________________ Total rehab budget $75,000
- Replace windows with new thermos pane windows 7000
- Replace or refinish all doors (garage door, exterior
door and interior doors) 2500
- Electrical (rewire whole house with wiring)
replace all electrical fixtures and fittings 8000
- Plumbing fittings and fixtures for kitchen, baths,
washer and dryer 4000
- Framing/insulation and drywall 4000
- Kitchen (cabinets, appliances, backsplash and countertop) 8000
- Flooring for entire house (hardwood (85 % of main floor)
carpets in bedrooms; ceramic tiles in bathrooms 5000
- HVAC (ducts and central air system) 8000
- New roof (replace old roof with architectural shingles) 7000
- Install new rear deck 3500
- Repair front porch 1500
- Install wooden fence/ landscape/ walk ways and retaining wall 3500
- Install new drive way (removing and replacing the old one) 5500
- Painting (interior and exterior) 4500
- Contingency 3000
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