Once in a lifetime investor special on an oversized corner lot in the coveted Woodstock neighborhood. This moderate level fixer upper is going for well under market value due to the seller’s sudden job relocation. Owner motivated and will consider all offers that close fast.
Pros: 1) Lowest price per sq foot in the area. 2) Gorgeous tile flooring throughout the common areas. 3) Open floorplan. 4) Large kitchen with ample counterspace. 5) Double lot, fully fenced, featuring fruit and nut trees and mature landscaping for privacy and plenty of space for your RV/Boat/Semi.
Cons: 1) Roof age = 22 years, AC= 14 years, WH = unknown. 2) One shower stall need replacement. 3) A fair amount of deferred maintenance and cosmetic wear & tear to repair, but no other known major issues with plumbing/foundation/electrical/roof.
Investor notes:
ARV Estimate: $275k, with estimated 20-40k in work. Local market temp: Very hot, with only 2.8 months inventory and list to sold price of 90.49%.
LTR Estimates: $1,800 /mo, only light competition nearby. STR: $50.5k /year gross, at 56% occupancy, and $247 /night avg.
No HOA. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. FULL 2.5% COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet.