218 N Elm St, Ithaca, MI 48847
$50,000
Overview
Type
Single Family HomeParking
Detached GarageBedroom
2Bath
1Sqft
750ARV
100,000About This Listing
🏠 $36k Profit in this Ithaca Fix & Flip/Rental 🏡
Attention real estate investors: Great location close to Local Amenities with easy access to major Roads/Highways. Tons of potential for profit in the heart of Ithaca.
“CLICK HERE” –> PHOTO LINK
STARTING PRICE: $44k
ARV: $120
Perfect For:
🛠️ Fix/Flip:
[Purchase Price] $44,000 + [Rehab] $40,000 = [Total Investment] $84,000
[ARV] $120k – [Total Investment] $84,000 = [Gross Profit] $36,000
ARV Comps:
- 502 S State, Alma, MI 48801 – SOLD $133,507
Full Reno
- 715 N Court, Alma, MI 48801 – SOLD $110k
Regular Reno, Old Appliances
- 310 N Clinton St, Saint Louis, MI 48880 – SOLD $128k
No Exterior updates, Regular Reno inside (across highway)
👀 Buy With Equity:
[Purchase Price] $44,000
As is Sold Comps:
- 720 Pennsylvania Ave, Alma, MI 48801 – SOLD $75k
As is comp. exterior is clean but paint job
needed, interior notes to be updated
Sold for $60,000 on 04/14/2023.
- 608 Allen Ave, Alma, MI 48801 – SOLD $82,500
As is comp. exterior is clean, interior needs to be updated
🏠 Buy and Hold:
[Purchase Price] $44,000 + [Rental Rehab] $20,000k = [Rental Investment] $64,000k
[Current Rent Rate] $700/mo
Rental Comps:
- 4436 E Washington Rd, Ithaca, MI 48847 – $700/mo
Regular Reno, Large Lot
🔄 BRRR Method:
[Purchase Price] $44,000 + [Rehab] $20,000 = [Total Investment] $64,000
[ARV] $120k
Refinance Amount: $48k
(Rent Rate) ($700)/mo
Property Details:
- Property Overview:
🚪 (2) Bedrooms
🛁 (1) Bathroom
📐 (750) sqft of potential
📅 (1945) Built
- Property Details:
🧱 Exterior: (Alum/Vinyl)
🏠 Roof Condition: (Needs New Roof)
🔧 Utilities: (Needs Updating)
💧 Hot Water Heater: (Needs Replacement)
❄️ A/C Unit: (Needs Replacement)
- Additional Insights:
📈 Area Details: (quiet secure area)
⏳ History: (Vacant)
🚧 Attention Required: (Needs New Roof & Full Reno)
🛏️ Vacancy: (Vacant upon close)
Contact Information:
Please call to schedule showings:
📞 (470) 450-4758 – JAY
Tentative close date:
📅 (07/05/2024)
Map Location
