ARV = $220,000- $180,000Listed at = $99,900Projected offer price = $85,000Estimated Rehab $60,000 - $50,000Holding Costs = $11,000Realtor, Closing = $19,900Estimated After-Tax Profit = $22,000PROs:Brand New HVAC system with ducting installedBrand New thermo windows installed throughoutBeautiful hard wood floors on the first floor (need refinishing)Tall ceilings (has a drop down ceiling right now though)CONS:Only 1 Bathroom on 2nd floor, going to add a half-bath on first floorHas drop down ceiling on first floor and plaster walls Kitchen needs to be completely reconfigured and floor leveledI want to knock out a wall between the kitchen and dining room and make a kitchen with an island and either quartz or granite countertops.  

One of the units has the old parlor and dining room and there's fireplaces in both rooms one of which seems operational and like its been used recently.

I would thing major retailers would bring traffic off the freeway for shopping and dining. 

Yes Dick let me explain.It is a quad building one of the units you go in and stairs to the right with 2 bed and bath upstairs.Dining room,half bath,kitchen and living room on main level.When you walk in to dining room there is galley style kitchen.Breaker panel at eye level at the end of the kitchen on the wall.Look up in kitchen and there is shop light style lighting an drop panel on each side of long shop light.

Adjoining dining & livingroom includes banks of windows.

It also has no formal dining room and the kitchen isn't big enough to be an "eat in" kitchen.

We plan to extend the master bathroom out the back of the house, turn the carport into a great room, and vault the kitchen/dining areas.

Cash invested: $26,000Gutted 850 sqft flooded basement, installed French drain and 2 sump pumps, turned basement into 1bd/1full bath (tub & shower), kitchen, dining area, and living room.

My ranch is in nearly De Luz and I often dine in town.

Example: Let's say I want to convert a 2bdrm into a 4bdrm by turning a porch and a dining room into legal bedrooms (they would meet legal bedroom requirements).