Investor special needs work but worth the investment to fix and cash flow in a great area.
Belmont boasts older homes of every stripe and architecture - lots of bungalows, brick ranch-style abodes, and typical two-stories, which appeal to young professionals looking for a house with a lower price tag but soaked in character. The varied business district along South Smithville Road and Watervliet Avenue, the neighborhoods two main thoroughfares, has been supported by the Belmont Business Association since 1978.
After repair Value $90,000.00 comps available upon request.
Repairs quoted $40,000.00 fully rehabbed ready to rent.
Sales price $25,000.00 based on current condition before repairs.
Equity upon completion $15,000.00 to $25,000.00 based on rehab contractor.
Rents $850.00 monthly or $10,200.00 annually.
If you need a detailed list of repairs or you need a contractor to rehab this property, I can arrange anything you need. I am boots on the ground doing many deals and have multiple crews at great prices I have worked with for years.