Property Info
This perfectly situated Mid-Century home is ready to go for a total renovation. The project does require extensive demolition as well as new plumbing and electric. However, none of the walls that need removal are load bearing, and the project comes with architects plans already drawn up.
A property like this should be able to fetch $600,000 on the market after renovations with an eye toward detail. This just hit the market and is likely overpriced at present. However, I expect this will sit for a little while creating an opportunity in the next week or 2 for a savvy buyer to make a realistic offer.
Renovation budget will likely be $95,000.
New plumbing
New Electrical
Selective Demo
Impact Windows
New A/C
New Kitchen
Interior Exterior Paint
Expand master bathroom
Renovate guest bath
New Flooring Throughout
Notices and Disclosures
All information contained in the Dispensa Properties LLC “Deal of The Day” is deemed accurate but YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY. only. Any information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to: estimated rehab costs, as-is property square footage measurements, or proposed expansion through construction) is an unverified assumption of the broker or its affiliates based on limited information and must be verified independently for accuracy. Broker and its affiliates assume no liability whatsoever for the accuracy of any estimates, information, or photo/video provided. Buyer is required to conduct their own due diligence.
Status: Many of the properties analyzed on “Deal of the Day” are currently listed On Market with cooperating brokers. The analysis of these properties is provided to give buyers a convenient way to study properties that may offer investment potential. Addresses are withheld until buyer has engaged broker’s services to submit an offer.
Target Price: The target price represents a price point at which the broker believes the seller may elect to enter in a contract to sell the property. The target price is not a guarantee that the seller will accept this price not is it an offer to sell the property at this price. The target price is merely the broker’s best opinion of a price point upon which would offer the best chance for the buyer and seller to reach an agreement. The data used to generate this number includes: comparable sales, estimate of renovation costs, existing mortgage liabilities, time on market, and any other factors potentially affecting the value of subject property.
NO UNACCOMPANIED ENTRY OF PROPERTY: Broker and its affiliates do not give you authority, express or implied, to enter or access this property unaccompanied. Access to the property may only be scheduled by contacting Dispensa Properties LLC.
NON-REPRESENTATION: Broker, agent, and their affiliates DO NOT represent you until such a time as an agreement of agency has been signed. Typically Dispensa Properties LLC represents clients as a Transaction Broker as specified on the standard FAR/BAR As-Is Contract of Purchase and Sale Agreement used to conduct offers.
RISK OF LOSS: Real estate investment is speculative in nature, and risk of loss can be substantial. You should carefully consider whether such investing is suitable for you.
PRIVILEGED & CONFIDENTIAL INFORMATION: This Property Analysis Packet contains privileged and confidential information. The material contained herein is not available to the Public and is only provided to Dispensa Properties LLC investors through an agent or a broker.
COPYRIGHT MATERIAL: All material appearing in this Property Analysis Packet is the proprietary property of Dispensa Properties LLC and protected by copyright under U.S. Copyright law. Youmay not copy, store, distribute, display, modify, create derivative works, sell, or transmit any part of this content without prior written permission of Dispensa Properties LLC.