4 Bedrooms, 2-1/2 Baths,  1664 SF Dutch Colonial.

Needs 10 to 15K work, has ~ 30k in ground pool that needs about 2K work including liner.

Sales price: 82K.

Co-marketed with permission from Smart Home Builders.

Property Address:  585 Roberson Street, Petersburg VA, Berkeley Manor Subdivision

Real Estate Investors:

Small rehab job!  Should be under 15-17k for updating. Get it back on the market or ready to produce rental income quick.

Great Profit margin – including repairs, assuming arv of ARV of 150, an 82k price plus maximum repairs is 66% LTV

In last 12 months, in that subdivision.

  • 4bdr on Petty Street sold (10/23/09) at 139,950, 1220 Ft. full update / remodel.
  • 3br sold at $140, 1648 ft2. (11/25/09),
  • 3br, 1634ft2, at $152,000 on VA loan. (11/20/09 sold )

Add a premium for the 30k inground pool, suggests an ARV in the 150s – 160s.

These sold comps in the subdivision are similar ft2 and remodelled.

Access:

Do not disturb the tenant.

Call me for details on how to access the property.

804/915-9475.