• Bedrooms: 6
  • Bathrooms: 2
  • Area: 2412 sq ft
  • Lot size: 2700 sq ft
  • Year built: 1880

Description

Check out this fixer upper located at 719 19th St Watervilet, NY 12189.  This former REO / bank owned home is a handyman special that needs work and some TLC.  We’ve priced to sell and comes with a great amount of built in equity. We are motivated and must sell this property to make room for new inventory so make an offer.  Sold 100% as-is.

Call 321-286-8253 and ask for Mike

Owner financing is available to qualified buyers with $3,000 down.

Submit your offer at www.OdellBarnesREO.com/Make-An-Offer

Or apply for owner financing at www.OdellBarnesREO.com/Apply-For-Owner-Financing

Address:  719 W 19th St Watervilet, NY 12189

6 Beds / 2  Bath 2,412 Sq Ft

Cash Price:  $39,900 or best offer

Financing Available:  $3,000 down $505 per month

Average Rents in Area:  $1,200

3 Comparable Sales:

2412 9th Ave Watervilet, NY Sold for $139,000 June 2018

2415 10th Ave Watervilet, NY  Sold for $280,000 September 2018

2505 4th Ave Watervilet, NY Sold for $178,000 July 2018

Fix up and make a rental:

$39,900purchase price

$1,000 closing costs

$50,000 estimated repairs

Total Invested:  $90,900

Gross Annual Rent:  $14,400

Insurance Cost $1,000 yr

Property Tax Cost $1,967 yr

Mgmnt Co: $1,440(10% of gross rents)

Vacancy:  $1,440(10% of gross rents)

Repairs / Maintenance:  $1,440 (10% of gross rents)

Net Operating Income:  $7,113

Cash Buy ROI:  7.83%

Use the BRRR strategy on this property to pull all of your investment back out after rehab completed!  Call 321-286-8253 today!

 

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