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Investor Special – Equity Opportunity with Major Upgrades Already Completed! This property presents a prime investment opportunity for savvy buyers looking to capitalize on a nearly completed renovation. Recently repossessed by a private money lender, the home comes with a clean title and significant updates already in place—including a brand-new roof, tankless water heater, upgraded HVAC, plumbing, and electrical systems. Approximately $40, 000 worth of work remains, giving the next owner the chance to add finishing touches and capture instant equity.
The home offers a desirable split floor plan with three bedrooms and two bathrooms, including a spacious primary suite at the rear of the property. The primary suite features a large walk-in closet and a unique staircase leading to a private flex space—perfect for a home office, creative studio, or personal retreat. The ensuite bath showcases a dual vanity, oversized shower, and a freestanding tub. A high-end quartz countertop anchors the kitchen, and the exterior siding is roughly 70% complete.
Buyers will need to work with the city to close out open permits, and due to the home’s current condition, traditional financing will not be considered. This is your chance to step into a project with major value-add potential—ideal for a fix-and-flip or rental investment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$274,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $219,920 | $219,920 | $219,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 7.050% | 6.152% |
Monthly Tax Payment | $370 | $370 | $370 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,372 | $1,445 | $1,841 |
Total Monthly Payment | $1,817 | $1,890 | $2,286 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.