3 bed 1 bath had house fire. Started in the wash room on left side of house, worked its way through the kitchen and minor smoke damage in the back bedrooms.
This area is great for rentals, current tenant was a long term tenant for 7+ years before fire. Was paying $650. After updates, you can bring up to market value and get $750-800 mo rents.
ARV – $65-80k (avg sq ft sold is $65/ft but house around the corner with less sq ft all fixed up sold for $107/ft)
This will be a great rehab to implement the BRRRR strategy with strong cash flow.
Property sits on 2 lots, could build another house right next to it need be.
Contract for sale for $21,000.