Walker's Wholesale Houses » Buy Cheap Discounted Houses

66% LTV After Repairs, Berkley Manor Petersburg

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

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.

Cheap Ugly House for Huge Profit

admin — Tue, 09 Mar 2010 21:33:21 +0000

I’ve not seen a house this ugly in a long time.

Estimated repairs: $40,000

Your price: $80,000

ARV: $175,000 for upgraded repair (granite, tile, etc).

This puts you about 68% of After Repair Value

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20K Handyman Rehab Special Mt Holly NC

admin — Thu, 18 Feb 2010 13:01:49 +0000

Your Price $20,000

Mt. Holly, North Carolina

Address not printed to avoid vandalism to empty property.

Priced 16K below City Assessment of $36,318

Land alone is assessed at 22K.

House is uninhabitable in its condition.

Contact Chris at 804/915-9475 for access, address and photos.

Facts:

2 br, 1.5 bath
819 ft.

No heating system listed on tax record.
Asphalt shingles.
Mill house Built 1920
Wood frame
Lot 10,019 Sq feet (.23 acre)

Condition is run-down.

You could tear it down or gut it and rehab it.

Rehab budget depends on what you want to do with it.

Comps between 60-80 depending on end use.

House is one of those older mill homes. Houses on the block being renovated.

Photos show that this one and one more need to be brought up to par with neighborhood.

Make an offer

Serious inquiries only. Proof of funds needed with offer.

Call Chris at 804/915-9475 to Get photos emailed to you and arrange access to property.

Do your own diligence.

All information deemed reliable, but not guaranteed

Handyman special to fix up property outside of Charlotte NC.

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Protected: 22kPrice Drop! Northside Richmond

admin — Wed, 25 Feb 2009 15:53:33 +0000

Working Cash Flow Attached SFR in Petersburg

admin — Wed, 07 May 2008 14:52:02 +0000

(Click image to see complete photo album
interior and exterior pictures)

516 and 518 S Jefferson Street
Petersburg VA 23805

Each Side has 2 Bedrooms, 1 bath
Side 1:
- Occupied and rented by long term tenant, $400 a month
Side 2:
- Other side needs post rental cleanup, rents at $500 a month.
- Was redone with new appliances and some replacement windows.
- Currently tagged for electrical violation. Work in progress, to complete before closing.
Total income at $900 a month.
Siding repair is almost complete and will be finished prior to closing.
Tax assessment about $800 yr.
Elem School: Blandford
Midd School: Peabody
High School: Petersburg

Your price: $59,000

Click the image to see the full and complete photo album.

Petersburg Rehab to Rent – Withdrawn

admin — Sat, 07 Jul 2007 02:37:00 +0000

1039 Old Wythe Street – Finish this Rehabber

Replacement windows are in place (just covered). Need to finish some drywall repair, and update the kitchen, and appliances. Roof may be needed in a few years. Not enough for retail, but a rental that will be ready with a little more work.ARV: 90K.2 bedroom cottage.

Contract for sale at 65K.

Must close within 15 days of assignment.

Call me at 915-9475 for lockbox code. Vacant, on a lockbox.

Petersburg Rehab Duplex — Withdrawn

admin — Sat, 07 Jul 2007 02:33:57 +0000

916 Wilcox Street — Duplex needing Structural Help

Renovations happening in the area

Duplex at 916 Wilcox Street.In need of everything.Contract for sale at $30,000.
Must close within 15 days of assignment.

ARV: 80-120K

Prepare for Ft. Lee, area steadily increasing in value. Call for access, 915-9475.

Mechanicsville Rehab: Restore this Shell – Withdrawn

admin — Sat, 07 Jul 2007 02:32:24 +0000

1423 Mechanicsville Pike, Richmond

Renovations happening in the area

This shell needs work in an area that redevelopment is approaching rapidly. It’s a structure built in 1915, has about 1710 ft2.

Needs renovation down to the studs. Some demolition already done. Some structural repair from water damage will be needed, but foundation looks ok at first glance. Will need siding, windows, all mechanical systems.

Address: 1423 Mechanicsville Pike, Richmond
Price including assignment: 45K
ARV: between 150 and 165

Renovation Sold Comps of similar size and age:
1433 Mechanicsville Pike, $175,000, sold March 07
1309 N 23rd Street, $230,000, sold April 07
1500 N 23rd Street, $165,000, sold June 07

Other rehabs being bought:
1720 N 20th street: 65,000
1606 Byran Street, $50,000
1513 Mechanicsville Pike, $58,000
815 Mosby, $49,500
More Pictures Available.
Cash only or Hard money, quick closing needed.
On lockbox, call for code.

Do your own diligence.

Walker's Wholesale Houses » Buy Cheap Discounted Houses

66% LTV After Repairs, Berkley Manor Petersburg

Real Estate Investors:

Access:

Cheap Ugly House for Huge Profit

20K Handyman Rehab Special Mt Holly NC

Your Price $20,000

Facts:

Make an offer

Protected: 22kPrice Drop! Northside Richmond

Working Cash Flow Attached SFR in Petersburg

516 and 518 S Jefferson StreetPetersburg VA 23805

Your price: $59,000

Petersburg Rehab to Rent – Withdrawn

Petersburg Rehab Duplex — Withdrawn

Mechanicsville Rehab: Restore this Shell – Withdrawn

516 and 518 S Jefferson Street
Petersburg VA 23805