| Fixer Upper in Pomona CA~*Handyman Special*~Fix n Flip/Rent |
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Ad Information |
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| Classified Id |
WGHLPZVB |
| Asking Price |
Seller is open to offers |
| Quantity |
1 item |
| Tax |
Taxes are not applicable |
| Shipping & Handling |
| Shipping is not applicable |
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| Payment Terms |
| Payment in advance only |
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| Seller accepts: |
 Cash | Money Order / Cashiers Check | | Wire / Bank Transfer | | | escrow |
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| Posted Date | 19-Jun-2009 12:52:26 PM EST |
| Expiration Date |
18-Aug-2009 01:03:21 PM EST |
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Classified Details |
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 | Investors!
Check out these two residential units.
Front 2 bedroom-1 bath home and a rear 1 bedroom-1 bath smaller unit.
This is a fixer property. Reliable repair estimate done by a local licensed contractor.
The inventory in Pomona is low, so ARV (After Repair Value) may go even further up, making you a sweet deal on your investment!
ARV: $195,000-$200,000
Living: 1,410 sq ft
Repair: $11,000
Lot: 5,750 sq ft
Asking: $130,000
Garage Spaces: 2
Parking: Driveway
Equity(after repair): $45,000
Comparative Market Analysis, Trulia, Zillow and current market trend analysis in Pomona area were used to come up with ARV. Zillow and Trulia seem to inflate the price somewhat, so we balanced it out with CMA. They are within 1 mile radius from the property and many sales recorded within 3 months.
The repair estimate was conducted by a local licensed contractor. The house requires a straight forward cosmetic repairs, such as painting, replacing doors and windows, cabinets/sinks, heating units, electrical fixtures, floorings, etc.
It’s in a solid neighborhood, near Pomona College, parks, golf courses, and easily accessable to the 10 fwy.
The bonus is there are TWO houses on the lot! The front unit is a 2/1 and the rear is a 1/1. Total living space is 1410, and the lot size is 5750.
We came up with an ARV (after-repaired value) of $195,000-200,000.
The house is priced for quick sale at $130,000.
It only needs $11,000 worth of repairs (per our contractor’s bid which we have on file). Repairs include drywall repair, cabinets, sinks, floorings and other cosmetic stuff.
Looks like it will make you around $45,000 in equity after all is said and done!
If you want more information please contact us ASAP!
We are looking to sell this quickly, so it won’t stay long on the market! | |
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