Pre Market Real Estate Opportunity! Hurry!

Bedrooms: 3
Bathrooms: 2
Living Area: 1,384 sq ft
Parking: 2 Car Garage
Basement: Full Basement
Year Built: 1983
Community: AMD Big Run Village
School District: South Western CSD
April 11, 2017

Property Description

100% Turnkey Fix and Flip OR Buy and Hold Opportunity.

ALL Turn Key from start to finish. VIP Acquisition team in place to help purchase, handle the Remodel 100%, List on MLS and sell for Quick Flip Profit And/Or Rent & Manage For Cashflow.

Fix And Flip : make 20K?

Buy and Hold : Rents 1200 minimum with Strong and Confirmed Rental Comps at 1300.

Detailed professional remodel estimate and crew ready to go right now.

VIP is in place to help:

  • Purchase
  • Remodel
  • Market, List & Sell
  • Market, Rent & Manage

You literally need to very little with this deal other than put up cash and sign paperwork. VIP Realty can turn this property within 30 days. Property is Not bank owned. Utilities are ALL on and have been through winter. The Rehab numbers are fat. So on a buy and hold… you can probably spend less than what is in our detailed quote.

Rental Comparables:

Recent Rental comps that VIP has recently rented (within 6 months) and under management. Hickory Wood will rent for 1200 MINIMUM. Should rent for 1300 no problem (maybe $50-100 more?) if updated (kitchen). However with a Buy and Hold, we do not think you have to replace kitchen cabinets.

1321 Eagle View Dr., Columbus, OH 43228
Rents for 1300/month – no back yard, no deck, no fence, not updated

2665 Blue Rock Blvd Columbus, OH 43123
Rents for 1300/month – only 1.5 baths, has deck, has a fence, not updated

Sold Comparables:

Similar properties that have been updated have recent sold around the $130,000 mark. See attached report for complete details on recent sales in the neighborhood.

Property Location4397 Hickory Wood Dr, Columbus, OH 43228

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