S. City Rehab – Full Gut on 63111 for Only 29k! Thats ~15% of ARV

3 Beds / 1.5 Baths • 1,828 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1.5
  • 1897
  • 1828
  • 3425
  • No Garage

Description

Contract for sale on the following property. End Buyers Only!

S City rehab with great upside. This will make for a fantastic Fix and Flip or BRRR deal.

Water damaged property from roof leak. This is a hot area with low days on market and a high number of investor transactions.

Please review all of the photos for insight on property condition and contact Andrei for showings and offers Today!

📍Address: 7808 Michigan Ave, Saint Louis, MO 63111

📷 Full Dropbox link for pictures HERE

💰 Suggested price: $29,900

🎢 After Repair value: low estimate $170000 - high estimate $230,000

✨ The After resale value varies greatly depending on quality of finished product.

Please do your own due diligence.

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🏡 Property info:

🛏3bd 🛁 1.5 Bath

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SHOWING FORMAT: Tenant Occupied Home ❗️

1️⃣ Only ONE showing will be held.

2️⃣ Verbal offers required before being approved for showing. (offers are contingent on walking the property)

3️⃣ Top 5 verbal offers will be selected to attend the showing.

4️⃣ Final offers due within 24 hours of walkthrough.

CLOSE OF ESCROW: April 7

Will be Vacant at Close

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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 $5000 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. Buyer to pay Closing Costs.
  5. Property available for viewing only during previously scheduled viewing time.
  6. Proof of funds letter and Pre-approval letters are required for offers to be considered.

Estimated Spread

  • ARV $200,000
  • Price $29,900
  • Spread $170,100