Bedrooms: 6 Bathrooms: 1 Year Built: 1923 Subdivision: Wendell Phillips Square Footage: 2612 Rehab Estimate: 35K ARV: $140,000
Price: $54,400 Flexibility: Firm
2424 Park Ave E
kansas city , MO 64127
| Wholesale Fix and Flip Opportunity!
2424 Park Ave E., Kansas 64127
Closing Date: October 10, 2017
EMD & Fee Cash Requirement: $3,000
Property Stats:
Bed: 6
Bath: 1
Square Feet: 2612
Year Built: 1923
Location: Large 6 bedroom 1.5 bath 3 story house on a corner lot. All beautiful hardwoods on 1st floor with open floor plan. Newer homes in neighborhood and this can become rich in character and very desirable. This is one of the biggest lots in the neighborhood. Located just down the street from the Historic 18th and Vine district.
Investment Details:
Purchase Price: $54,400
Rehab Costs: 35-45K
ARV (After Repair Value): $140,000
Projected Profit (All Cash): $ 30,000
Average days on market for homes in this area:
Estimated Turnaround: 3 months
Required Rehab:
New Kitchen & Baths Converting 2 bedrooms into a master & ensuite. Fresh Paint on the interior and exterior to modernize the look and feel of the home. Rehab budget is $35,250; but we used the worst-case rehab budget of $45,075 as detailed by General Contractors.
Comparable Sales by 2 "3rd Party" Realtors: See Link
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