Occupancy Status*- Occupied as tenant is clearing junk from land. Do not disturb tenant. Available for showing with appointment only* see How Occupancy Affects Sales, below Description- The real value of this deal is in the land, and large workshop.- The property is 5 acres near new construction that sold for $600,000.- Nearly a 3000 sq ft house with the shop measuring 40X60 What's It Worth?**As-Is CA$H Price: 120,000Estimated ARV: 299,000Estimated Repairs 80,000Estimated profit 100,000 Estimated Repairs- Pros - The location / land. Land, house, and shop currently priced 20% below current value and 33% below ARV. All junk and cars will be cleared by close of escrow.- Cons - The house needs just about everything. Financial Data- Estimated Repairs - $80,000- Estimated Market Rent - $2400 /mo- Tax Value - $153,000- Real AVM from the MLS: $143,000- Estimated ARV - $299,320+- Asking Price - $120k Notice and Disclosure 1. Hiner, Smith and Sons, Inc. and its affiliates are real estate investment service entities. We have provided the above estimate for the convenience of real estate investors. Real estate investors are encouraged to verify all estimated numbers independently. Hiner, Smith and Sons, Inc. and its affiliates assume no liability either expressed or implied as to the accuracy of the financial estimate above. 2. Hiner, Smith and Sons, LLC, Inc. and its affiliates do not give authority neither expressed or implied, to the recipient of this information to enter onto this property. Inspection of this property can be scheduled with an authorized Hiner, Smith and Sons, LLC, Inc. representative.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
