Vacant Pasadena Fixer – Wholesale Priced


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239 E Howard St, Pasadena, CA

2/1. 966 Sq Ft. 7499 Sq Lot. *

This is a solid property that needs cosmetic updates thru out to your liking. This market moves quickly. You need to add 400 Sq Ft to this property and spruce up the interior and exterior to grab an easy $730,000 to $740,000 ARV. Need to place EMD to lock deal.

Asking Price: $507,000

*Projected Rehab Cost

*966 Sq Ft x $50 / Sq Ft = $48,300

*400 Sq Ft x $120 / Sq Ft = $48,000

*Landscaping $3,700


*Total Projected Rehab Cost = $100,000

*Projected All In Cash = $602,000

*$502,000 x 20% Down Payment = $100,400

*Projected Closing Costs @ 4% = $20,064

*6.67% + $1000 (Utilities) Holding Costs = $34,456.72 (Projected Note Rate @ 10%.)


*Projected All In Costs (Hard Money) $154,920.72

*Projected Resale Value: $735,000

Suggested Comps:

1.) 467 E Howard St, Pasadena, CA

3/1 – 1,384 Sq Ft – 9,757 Sq Lt

2/10/2017 Sold for $727,000

2.) 787 E Howard St, Pasadena, CA

2/1 – 1,198 Sq Ft – 7,654 Sq Ft

3/8/2017 Sold for $740,000

 

Greg@FixandFlippers.com

*This asset is being sold as is where is. There are no contingencies. Please email/call/text for Sales Structure. Clean and Clear title will be provided at closing. Buyer must do their own due diligence. Seller makes no warranties as to accuracy of projections, nor empirical data provided.

Can facilitate Hard Money/commercial in most states,stated owner occupied loans in CA, Unsecured credit to $200K (700 fico) in 2 weeks…
*Contact me if you want to make a referral, we can share fees!  Ask about 80/20 100% JV Fix/Flip loans Nationwide, no min Loan Amt, no fico requirement, up to 90% purchase, 100% of rehab for most Fix/Flip projects, no split.

 

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