REDUCED - Wholesale Deal - 317 N. Hall Dr, Mesa, AZ 85203
This 2151 square foot home has three bedrooms and two full bathrooms and already has some enhancements such as; newly replaced carpet, two charming fireplaces, a brand new roof, a spacious den located behind a secret panel, a freshly painted interior and exterior, a fully air conditioned workshop, a brand new hot water heater, a large living room and family room with a built in bookcase and a vintage entertainment center. Kitchen has been updated and stove top and oven were both replaced in 2015. The backyard has an extended covered patio and a tall block privacy wall. Link has been posted below.
Need set: Cosmetic updating. This could be a fun project depending on how far you want to take the remodel. Home has a lot of character, estimated rehab of 20k is spot on given that so many features have already been updated.
Wholesale Price: $195k .... REDUCED to $190k
Estimated Rehab: $20k
Estimated ARV: $290K
Close of escrow on or before 10/07/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs. Escrow is opened at First Arizona Title - Kim Stembridge is EO (623)385-1004.
See below for fun disclaimers, ESTIMATED budget, pics, and comps and link to comps:
Fun disclaimers:
All Prices based on cash sale with $2500 non-refundable deposit to secure property.
IMPORTANT INFORMATION
- All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.
- One of managing members is a licensed Real Estate Agent in the state of Arizona.
- If estimated values are provided, they are based on interpretation of MLS and Tax Data.
- Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
- Price is net to seller and Buyer pays all closing cost
- Buyer agrees to double close of escrow
Investors/buyers
are encouraged to conduct their own due diligence. The members of the
selling entity are not tax or financial advisers. You should consult
with a certified financial and/or tax adviser on any investment you are
considering. Buyer pays all closing costs.
Pics to wet your whistle:
Comps:
Estimated Budget:
| Purchase Price | 190000 | ||||||
| Front side | |||||||
| Hard Mony loan | 152000 | ||||||
| Hard money down payment | 38000 | ||||||
| Interest hard money | |||||||
| - 18% 6month term - 4 months | 2280 | 9120 | |||||
| Closing costs | 1500 | ||||||
| Remodel | 20000 | ||||||
| Insurance | 700 | ||||||
| APS/Water | 700 | ||||||
| Total cash invest | 70020 | 70020 | |||||
| Total Frontside costs | 222020 | ||||||
| Backside | |||||||
| Estimated renovated sales price | 290000 | ||||||
| Realestate commission | 0.05 | 14500 | |||||
| title fees | 1500 | ||||||
| total fees | 16000 | 16000 | |||||
| total frontside costs | 222020 | ||||||
| Total Earnings | 51980 | ||||||
| ROI | 0.742359 | ||||||
