Walker’s Wholesale Houses

Address: 11 Petty Court, Petersburg, VA, 23803

3 Bedrooms, 2 Baths, 1202 ft2 Rancher.  Possible 4th Bedroom in the addtion.

Current tenant paying $875 mo, on time every time since 2005.

House has Central Heat / Air, recently painted

Price

Contract for Assignment at $85,000 or best offer.

That’s 65% ARV!

Turn Key Rental

• Discounted price as if it was a foreclosure. Hud Homes selling for similar prices.
• Cash flowing rental with steady and stable tenant.
• Similar properties for first home time buyers selling in the 120s-130s
• If you like turn-key rentals, here is one to simply take over with stable tenant in place.

Visiting the Property

Do not visit the property without securing my permission.

Call Chris to schedule access, 804/915-9475.

Do your own diligence. All information deemed reliable, but not guaranteed

Contact Chris at 804/915-9475

To hear about more great deals before they even get to the general public, sign up for deals at our Walker’s Wholesale Houses Buyer’s List.

http://www.walkerswholesalehouses.com/

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.

Duplex in Hopewell.

Pending short sale approval

Make your best offer around 100k.

621 and 623 Broadway, Hopewell VA.

Side one (621) assessed: 80,000k
Side two (623) assessed: 78,400

Each side is 3/1, 1440 ft.
2 story duplex

Some minor repairs needed to make rental ready, under 10K.

Long term repairs will include some soffitt work, replacement windows.

Contact Chris at 804/915-9475 for access.

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