Introducing this ideal flip or BRRR opportunity located in the investor-friendly subdivision Richmond Village. In recent years, this community has served as a hot spot for flippers and landlords alike. Due to its central location and low price point, this is ideal for first-time homeowners and renters, presenting multiple exit strategies. This property is a diamond in the rough, offering immense potential for those seeking a lucrative investment opportunity. The home features 4 bedrooms, 1.5 bathrooms, 1,300 living square feet, and a private carport.
While the property requires some repairs, it also boasts notable upgrades, such as a roof from 2016, HVAC system from 2011, and updates to the electrical in 2011 as well. We suggest doing a full-blown cosmetic interior update to achieve maximum resale potential, with some subtle improvements to the exterior.
Strong comparables in the area suggest that this flip, if done correctly, should garner a ton of interest once listed on the retail market; We are advertising this property with a competitive After Repair Value of $315,000. Some homes in the area have sold as high as $242 a sqft just a few months back. Whether you decide to flip it or turn it into a rental this home comes with an ample amount of equity! Call your EquityPro Advisor today to secure this investment!