DID NOT FLOOD!
Bay City rehab at 70% of After Repaired Value minus repairs. Great opportunity to do a remodeling project that truly fits the low risk formula. Calling all rehabbers that are sick and tired of Houston competition and all the 90% + ARV – repairs “deals”.
4 Bedroom 2 bath 2 car garage 2974 sf solid home on a huge 11,979 sf lot in the heart of Bay City. Seller started remodelling (hence the pictures of studs around stairs AGAIN NO FLOODING) but could not finish due to lack of funds.
Worth: $276,492 (2,974 sf x $92.97 per sf SEE COMPS ON 2ND SOLDS AT THE BOTTOM and 3RD SLIDE)
Repairs: $40,000 – $45,000 (a bit of everything please do your own due diligence)
Asking: $149,900 OBO
$3,000 Deposit locks the deal.