4343 E. Marion Way Phoenix AZ 85018
1300 sq foot 2 bedroom, 1 bathroom, block home with pool on 13,000 sq foot corner lot. Sits at the base of Camelback mountain.
The value for this property is through an addition. Approximately $200k investment to add 1200 sq feet including a kitchen and master suite. Financing available - see below.
Whole sale price $399k
Rehab $200k
ARV - $700k-$860k
Financing terms:
One loan - 20% down on wholesale price of $399k. We will fund 80% of the rehab cost at 13.99% and 1 point loan origination fee. Rehab funding will be on draw schedule. Example: $400k purchase price with $200k rehab would equate to $320k plus $160k for a total loan amount of $480k and a loan origination fee of $4800. Total down would be $80k. Need POF and experience flipping.
Contact me with questions.
Travis Smith (623)237-2388
