Wholesale house discounted for cash, $1,500 non refundable EMD, 2507 Habersham Rd. Albany Ga. 31701. Single family home brick front, 3 bed ,2 bath, 1596 sq.ft., 0.35 lot, built in 1984, some exterior repairs and some interior repairs are needed to get the maximum ARV of the property. Most investors won’t spend a few thousand more to get max ARV and end up selling for mid to lower end of the full homes value and lowering their profit margin. The choice is your but either way you still make a nice profit. I will include the home inspection to give you an idea of your budget for the renovation you chose. The numbers definitely work on this one. The comps listed below gives you a clear picture of what can be made off of this deal. Keep in mind that most properties that are sold are not renovated or fully renovated to allow the seller to ask for the maximum home sale price value, as is with these comps. However, at a purchase price of around 60k and a renovation budget of 20k-25k and an ARV of around 160k-180k with a medium grade renovation. You’re looking at a profit margin of 70k-90k on average. Again it could be a little more depending on the quality invested in ares like the kitchen, bathrooms and overall renovation as some recent comparable home sales are over 200k. I will send the full home inspection with details and pictures of the property upon request.
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