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SOLD – 2810 E Adams St- House W/ 1 Bedroom Mother-in-Law Suite in back – $53,000

3/1 House in good shape with an additional 580s.f. mother-in-law suite in the back.

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PLEADE DO NOT BOTHER OCCUPANTS. 

The prelim is already done and the title is squeaky clean and ready to transfer quickly.  This is for a quick cash sale and you will need to close by October 27th.

Details:

  • 3/1
  • 1,161 s.f.
  • Lot Size 7,250 s.f.
  • Mother in Law Suite is 580s.f and has 1 Bedroom/1 Bath.
  • Has 2 large storage sheds.
  • Has new carpet
  • Beautiful Park across the street.

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Repairs Needed

  • New roof.  It doesn’t leak, but the shingles are old and ugly.
  • Repair a few holes in drywall
  • Repaint some of the walls due to graffiti.
  • New tub.  It has a large cast-iron tub in now, that will be taken out before sold.
  • Replace missing outer wall tiles

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Numbers & Comps

Wholesale “Cash” Price:  $53,000
Retail Value:  $83,980

This is a “Cash” only sale price.

Rental Rates:  Main house $550 to $600 – Suite $350 to $400 conservatively

Comps (none of these comps has an extra mother-in-law-suite)

  • 2911 E Monroe St – Sold $88,000 07/14 – Fully rehabbed – 130s.f. smaller
  • 1632 E Adams St – Sold $97,000 06/14
  • 1902 E Palm Ln – Sold $80,000 03/14 – 265sf smaller
  • 2912 E Adams St – Sold $79,900 04/14 – 215sf smaller
  • 502 N 28th St – Sold for $75,000 02/14 – 294sf smaller

* Wholesale Price is with Buyer paying closing costs.  Taxes are prorated.

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How To Gain Access

We are in escrow to purchase and are reselling for a profit.  This is a vacant house, but the current owner needs to be there to show the property.  To get access, you will need to sign our purchase contract and place a $3,000 earnest money deposit in escrow with an inspection period long enough to get you inside.  So go run your numbers, take a look at all the pictures I have below, and make sure you are serious…then I can get you inside for your inspection.

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Pictures & Video:

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How To Buy

Our properties sell extremely fast and are sold on a first come, first serve basis.  If you are interested and would like to put this property under contract, please download the contract package by clicking the “Download Now” button below.  Fill it out, and email it to david@buywholesalehomesnow.com.  You can call us with any questions at 602-299-0448. red_downloadnow