Church Hill Rehab
Wholesale Deal $125,000
This brick Townhome is situated in a redeveloping area of Church Hill, priced at 125k. It is a great opportunity to buy low now, rehab and sell, or hold for future appreciation.
Address: 512 North 32nd Street, Richmond, VA 23223.
Listed properties in the area show an average price of 199k with Central Air and 174K without.
The after repaired value of this property with HVAC- $206,000.
Sold Comps
- 519 N 31ST ST 7/28/06 $195648 1832sf $106/sf
- 607 N 32ND ST 2/27/07 $199000 1946sf $102/sf
- 401 N 32ND ST 5/15/07 $225000 1836sf $122/sf
The home has 3-bedrooms, 1-bath and built in 1910 with 1908 square feet. The kitchen will need total renovation and has been partially gutted. Bath will need a new floor and cosmetic repairs. An additional bathroom can be added downstairs a part of the kitchen for increased value. Some ceiling repairs needed from a repaired roof leak. Needs carpet in one bedroom. Plumbing and electrical are in good and working order.
Estimated repairs – about 8-12k rental 20-30k retail.