PROPERTY SNAPSHOT:Solid 1909 cottage with covered front porch and full basement. 100-year-old bones appear straight; mechanicals dated. Interior needs full cosmetic refresh (kitchen, bath, paint, floors) plus HVAC instal...
PROPERTY SNAPSHOT:
Solid 1909 cottage with covered front porch and full basement. 100-year-old bones appear straight; mechanicals dated. Interior needs full cosmetic refresh (kitchen, bath, paint, floors) plus HVAC install to reach top-market value. Great starter flip or BRRRR play at a sub-$24K entry.
PROPERTY DETAILS:
Beds / Baths: 2 beds · 1 bath
Living Area: 1,080 sq ft
Lot Size: 3,001 sq ft (0.07 acre)
Year Built: 1909 (Frame / vinyl, asphalt roof)
Last rented: $575 / mo (as-is)
ARV Range: $125 K – $135 K (after full renovation)
BRRRR – Refi 75 % LTV on $130K ARV → pull ≈ $97K; likely all cash back.
Rental Hold – Projected market rent $975 – $1,050/mo post-rehab → 11 %+ cap rate.
Owner-Financed Resale – Sell on contract at $135K, 10 % down, 9 % interest for passive income.
Vacant and easy to show. Lock in this sub-$24K deal with proven comps over $120K and low rehab costs. Contact for walk-through!
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Additional details
Type
Single-Family
Parking
Assigned
Built in
1909
Lot size
0.069 acres
Price$14,000
ARV
$125,000
Gross margin
$111,000
Deals nearby
$29,999
(ARV -
$97,000)
2 Beds
1 Baths
1210 sq.ft
$60,000
(ARV -
$200,000)
4 Beds
2 Baths
2504 sq.ft
$90,000
(ARV -
$140,500)
2 Beds
2 Baths
899 sq.ft
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