NOT in MLS: Detached Home in College Park MD for only $229,900! That's $70K+ Below Renovated Comps! (NOT a Short Sale! NOT a Foreclosure!)
9515 Rhode Island Ave College Park MD 20740
| Sale Price | |
| Sale Price: | $229,900 |
| Estimate Repairs: | $30,000 |
| After repair value: | $300,000 |
| Equity Potential: | $40,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 2 |
| Bathrooms: | 1 |
| Levels: | 1 |
| Parking: | Driveway |
| Square Feet Total: | 852 |
| Lot Size(Acres): | .143 acres |
| Sale Comps | |
| 9622 Narragansett Pkwy - Sold - $306,000 | |
| Rent Comps | |
| 5206 Kenesaw St (renovated) - Rented - $1800 | |
| 9804 47th Ave (as-is) - Rented - $1550 |
Additional Information
GREAT PRICE IN GREAT LOCATION!! This 2br, 1ba, 852sqft home that sits on a .143acre lot has to the lowest priced detached home in College Park! This is a HUGE OPPORTUNITY for 'owner occupant' type of buyer for BIG SWEAT EQUITY! This home is in good condition to qualify for conventional financing! Its a GREAT INVESTMENT for buy/hold investor as condos in the area are renting for ~$1,700/month. Its also an EASY REHAB perfect for new or experienced rehabber! Similar homes in the area are selling for $300K+ renovated, but you can purchase this one for only $229,900. That's a $70K+ spread!! Hurry, a home at this price in this location won't last! NOTE: This home is currently occupied, but will be vacant by closing. Please respect the occupant's privacy and email us about arranging a time to see the home. Do NOT knock on the door to see the home or the occupants will take your name and you will be permanently removed from our email list.
Disclosures
All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.