Address: 104 Franklin Ave SE, Albuquerque, NM, 87102Cross Streets: Bridge Blvd SW (Reeway 314) 7 Broadway Blvd SE (Freeway 47) Bed: 2Bath: 1 Purchase Price $39,900 Cash/Hard Money ARV: $100,000Zillow: $114,000Eppraisal: $90,000CMA: $80,000-$90,000 (We can send CMA if numbers are in dispute) Pictures: CLICK HERE!! Rehab Estimate: $20-$25K Return:$39.9K (pick up price) + $25K (rehab) + $3K (closing and holding costs) = $63K (all into it) $63K (total out of pocket) - $85K (final purchase price when put back on market) =$22 (potential profit as repairs, closing costs and holding costs might not be as much) $22K (net profit potential)/$63K (total out of pocket) = 34% Cash on Cash Return Upside:- Free and clear deal so no bank wait times or Realtor "highest and best offer" games- Back Detached Room that can be converted to Mother In Law Casita ( set up for water and electric as its being used as the wash/storage room at the moment )- Buy so cheap you can flip and make possible 34% return or keep it as rental and max out on your return potential- Can close quickly without any outside competition factors- Near freeways and ready to close fast ACTIVE/PENDING:908 Arno St SE- 669 SF, 1 Bed, 1 Bath - ACTIVE - $89,500, $133 $/sqft409 Cromwell SW- 1,200 SF, 2 Bed, 2 Bath - ACTIVE - $90,000, $75 $/sqft101-A Olga St SE- 1,180 SF,2 Bed, 2 Baths, -ACTIVE - $94,900, $80 $/sqft1821 Walter St SE- 900 SF,2 Bed, 2 Bath, -ACTIVE - $77,000, $80 $/sqft1308 3rd St SW- 999 SF,3 Bed, 1 Bath, -PENDING - $89,000, $90 $/sqft CLOSED:1122 3 St SW - 795 SF, 2 Bed, 1 Bath - CLOSED 5/17/13 - $89,000, $89 $/sqft706 11 St SW-645 SF, 1 Bed, 1 Bath -CLOSED 6/12/13- $64,000, $85 $/sqft407 9th ST SW - 1,007, 3 Bed, 1 Bath, CLOSED 7/25/13-$117,000, $ 98 $/sqft1609 Edith Blvd SE- 1,050 SF, 3 Bed, 2 Bath - CLOSED 8/1/13 - $100,000, $90 $/sqft1011 Stover Ave SW- 1,483 SF, 3 Bed, 2 Bath- CLOSED 7/17/2013, $86,865, $96 $/sqft ACCESS: Call to set up inspection. FINANCING: Cash/Hard MoneyTERMS: -Open escrow with $3,000 refundable earnest deposit with a cashier's check made out to Stewart Title; please contact us for more details.-A 24hour inspection period will be given once we have a purchase contract signed and cashier's check in place. Then after the 24 hour inspection period the earnest becomes non-refundable.-1 week close-Cash, Hard Money only.-Property comes in "AS-IS" condition. Buyer pays all closing costs and escrow fees.- Please do not disturb the tenant, which means no knocking on doors, talking to neighbors or screaming out your windows. Please respect their privacy-- CONTACT INFO: Brandon Steward 602.791.3109 Brandonwinnllc@gmail.comEfax: 602-456-6545
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