Walker's Wholesale Houses» Buy Cheap Discounted Houses

65% ARV Turnkey Rental with Tenant – Petersburg

admin — Tue, 08 Jun 2010 14:41:58 +0000

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

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

That’s 65% ARV!

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.

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

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admin — Tue, 08 Jun 2010 14:25:47 +0000

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

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.

Do not disturb the tenant.

Call me for details on how to access the property.

804/915-9475.

admin — Fri, 19 Mar 2010 19:00:54 +0000

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.