Motivated seller with cheap fixer upper in the Hilltop near Westgate This 3-bedroom, 1-bathroom, two-story house has 1232 square feet plus a full basement, a formal dining room and off-street parking. The home is located just east of the Westgate community in the Hilltop area and is close to I-70, I-270, shopping and entertainment. This handyman special is a light fixer upper and only needs some paint, carpet, a stove, and some minor repairs to rent it for $750-$800/month. At only $20,000 cash, this is a great real estate investment as a rental property for any landlord at a dirt cheap price. You can rent the property as-is for $700/month, which would earn you a 31% return on your money even after deducting 25% of the gross rent for taxes, insurance, vacancies and maintenance. Or you can make a fast profit if you want to fix and flip it. Since I'm a motivated seller and I'm selling the house at a bargain basement price as a for sale by owner, this must be an all-cash sale and you must be able to close ASAP. Also because of the low price, I cannot offer seller financing like a land contract, lease option or rent to own. By the way, please understand this is not a property for flipping. If you are looking to wholesale this deal to someone else, this is not a good fit because I don't do assignment agreements. I also cannot coop with Realtors at this low of a price. If you'd like to inspect the property, please leave your name and phone number and I'll call you back. My name is Tom and you can call or text me anytime at 614-420-2035.
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