Wholesale deal - 11009 N. 73rd Street, Scottsdale, AZ 85260
Research updated - price per square foot ARV $270. SCOTTSDALE AND SHEA - LOCATION, LOCATION, LOCATION .... Custom built 4 bedroom, 3 bathroom, with two master suites, 3 car detached garage, diving pool/spa, on over 3/4 acre cul-de-sac lot. Home features a fire place, bonus area off master bedroom, plantation shutters, and custom garage features. 2448 square feet with room to add.
Need set: Add square footage - Expand master suite (400 sq ft), reconfigure trusses to add vault, reconfigure current garage into "in-law quarters" with kitchenette/laundry/bedroom (adds approximately 1100 sq ft), add a garage, open up family room, living room, and kitchen area, updates.
Wholesale Price: $525k
Estimated Rehab: $200k
Estimated ARV: $1.m+
DO NOT DISTURB OCCUPANTS. Need to set appointment to view.
CASH/HARD MONEY BUYERS ONLY - MUST HAVE PROOF OF FUNDS
Close of escrow on or before 1/3/2017 (we can extend). Seller would like a two week post possession to move out. Willing to do an escrow hold back to verify property has been vacated. First signed contract and $5000 non-refundable deposit to title wins. Buyer pays all closing costs. .
See below for fun disclaimers, ESTIMATED budget, pics, and comps and link to comps:
Fun disclaimers:
All Prices based on cash sale with $5k non-refundable deposit to secure property.
eIMPORTANT 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:
Estimated Budget:
Property Address | ||||||||
Purchase Price | 525000 | |||||||
Front side | ||||||||
Hard Mony loan | 420000 | |||||||
Hard money down payment | 105000 | |||||||
Interest hard money | ||||||||
- 18% 6month term - 4 months | 6300 | 25200 | ||||||
Closing costs | 1500 | |||||||
Remodel | 200000 | |||||||
Insurance | 700 | |||||||
APS/Water | 700 | |||||||
Total cash invest | 333100 | 333100 | ||||||
Total Frontside costs | 753100 | |||||||
Backside | ||||||||
Estimated renovated sales price | 1026000 | |||||||
Realestate commission | 0.05 | 51300 | ||||||
title fees | 1500 | |||||||
total fees | 52800 | 52800 | ||||||
total frontside costs | 753100 | |||||||
Total Earnings | 220100 | |||||||
ROI | 0.660763 |
No comments:
Post a Comment