Wallaceburg, ON
Vacant detached fix and flip, Chatham-Kent
Wholesale assignment Posted today
New
Asking
$155,000
ARV
$225,000
Repairs
$25,000
Gross spread
$70,000
ARV minus asking, before renovation and closing costs.
Spread after repairs: $45,000
About this deal
Vacant detached single-storey home in Wallaceburg, about 30 minutes from Chatham and 1 hour 20 minutes from Windsor. 2 bed, 1 bath on a crawl space, lot about 2,207 sq ft, street parking. Metal roof reportedly within the last 5 years and natural gas furnace about 2 years old. Fenced backyard with two sheds. Interior needs flooring, paint and bathroom work. One bedroom is currently used as laundry and can be restored. Purchase $155,000, estimated ARV $225,000, estimated renovations $20,000 to $25,000.
2 beds 1 bathsDetached
Highlights
- Vacant possession
- Metal roof within 5 years, furnace about 2 years old
- Estimated renovations $20K to $25K
- Fenced yard with two sheds
Deal type
Assignment of contract