Home / Andrei Calugaru / 💥 Fantastic Fix...

💥 Fantastic Fixer Opportunity in Festus for 45% OF ARV!

3 Beds / 1 Baths • 936 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 1
Year Built 1976
Approx.SqFt. 936
Lot size SqFt. 936
Garage No Garage

Description

Purchase Contract for Sale! The subject property under contract is a SFH in Festus, MO.

📍Address: 403 S Adams St, Festus, MO 63028

Suggested price: 84500

🎢 After Repair value: ARV ~ 190k

Rental income ~ 1500/mo

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Property info:

3bd 1 Bath

Full unfinished basement

❄️ Needs new HVAC

🔥 Furnace is newer

🏠 Roof is over 10 years old- Gutter and Fascia repair required

🛠️ Plumbing: Cast Iron plumbing present

🧱 Basement is dry, small horizontal crack present and pictured.

🌳 Property fence and Porch deck are both in need of replacement

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SHOWING: Owner occupied- Please contact Andrei to be added to the showing

CLOSE OF ESCROW: Flexible on exact date- Week of Christmas

POST POSESSION REQUIREMENT: 15k escrow holdback and 30 days of maximum post posession time requested at rentback rate of $29/ day.

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TERMS OF SALE:

This is a Cash or Hard Money AS - IS sale. NO other kinds of offers will be considered.
EMD $3000 due within 24 hours of accepted offer or the contract will be void. A property is not considered under contract until the EMD has cleared and all contingencies removed. EMD policy is non negotiable.
Title is guaranteed to be clear or EMD fully refundable.
Property available for viewing only during previously scheduled viewing time.
Non Circumnavigation: Any attempt to contact the seller without our consent will result in legal action and $10000 minimum settlement.
Proof of funds letter and Pre-approval letters are required for offers to be considered.

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Disclosures:

The buyer acknowledges that they are not relying on any representations, whether written or verbal, concerning the property. The price reflects a cash or hard money offer and is net to the seller. Buyers are expected to conduct their own independent due diligence, including evaluation and inspection, before making an offer. Determining the property’s value is solely the buyer’s responsibility. Any mention of property value and Rehab estimations by the seller or their representatives is as a courtesy and only an opinion. Perspectives on value, as is and after repair value (ARV), construction costs, material quality, workmanship, and market conditions vary based on personal opinions; thus, it is essential that the buyer carefully assess market value.