3 bedroom Fix and Flip In O’Fallon for 50% of ARV

$119,000 • 3 Beds / 1.5 Baths • 1,225 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1.5
  • 1958
  • 1225
  • 1225
  • Attached Garage

Description

Description

Contract for Sale! Fixers in O'Fallon like this one are hard to find! This is a great chance at snagging a very desirable fix and flip opportunity in a desirable area.

This house is a SLAB and needs a full gut rehab. The roof is 3 years old but most of the rest of the house and systems need to be made new.

📍Address: 403 Prince Charles Dr, O Fallon, MO 63366

💰 Suggested price: 115000

🎢 After Repair value: ARV ~ 250k

🏘️ REHAB COMP sold for 250k : https://www.zillow.com/homedetails/403-Saint-Matthew-Ave-O'Fallon-MO-63366/59944977_zpid/

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🏡 Property info:

🛏3bd 🛁 1.5 Bath

❄️ Needs new HVAC

🏠 Roof is only 3 years old-

🛠️ Plumbing:FULL GUT REHAB

🧱 No Basement- SLAB

🧹 The property will need cleanup- belongings will be left behind.

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SHOWING: Owner Occupied Home - only ONE showing will be held. Verbal offers (contingent on seeing the home) required before being confirmed for showing.

CLOSE OF ESCROW: DECEMBER 23rd

POST POSSESSION REQUIREMENT: Seller will need Post Possession time to move out until January 5th.

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TERMS OF SALE:

  1. This is a Cash or Hard Money AS - IS sale. NO other kinds of offers will be considered.
  2. 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.
  3. Title is guaranteed to be clear or EMD fully refundable.
  4. Property available for viewing only during previously scheduled viewing time.
  5. Non Circumnavigation: Any attempt to contact the seller without our consent will result in legal action and $10000 minimum settlement.
  6. Proof of funds letter and Pre-approval letters are required for offers to be considered.

Estimated Spread

  • ARV $250,000
  • Price $115,000
  • Spread $135,000

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