NOT in MLS: Detached Home in Spotsylvania, VA w Renovation Partially Completed for only $199,900! That's $65K+ Below Renovated Comps!

11125 Post Oak Rd Spotsylvania VA 22551

Sale Price
Sale Price: $199,900
Estimate Repairs: $25,000
After repair value: $265,000
Equity Potential: $40,000
Description of Home
Type: Detached Home
Bedrooms: 3
Bathrooms: 2
Levels: 2
Parking: 2 Car Garage
Square Feet Total: 1632+1632
Lot Size(Acres): .5 acres
Sale Comps
11506 Post Oak Rd (has unfinished basement) - Sold - $264,900
 
Rent Comps
10333 Mastin Ln - Rented - $1500

Additional Information

EASY REHAB, EASY MONEY!! This detached home sits on .5 acres in Sposylvania, VA and has a 2 car detached garage. It has 3br, 2ba upstairs on 1632sqft. It has another 1632 of unfinished sqft in the basement. The renovation of this home was started so a lot of the expensive items have already been taken care of. It has NEW windows, NEW roof, NEW A/C, NEW gutters, and NEW flooring, drywall and paint in some areas of the home. So update the kitchen and bathrooms with the design of your choice and finish the renovation for EASY MONEY! PLEASE NOTE: The comp of 11506 Post Oak Rd sold with an unfinished basement, so you only need to finish the renovation upstairs to achieve the resale (ARV) price of $265,000!! And you can buy this home for only $199,900. That's a $65K+ 'spread' to work with!! And remember, you only need to renovate the top level! For the buy/hold investor, similar sized homes in the area are renting for $1,500/month, and they aren't fully renovated! A fully renovated home should rent for more, giving you GOOD CASH FLOW! Hurry, the market is hot and you can buy this home now, finish the renovation, and have it ready for the upcoming hot spring market!

Contact Person:

Greg Norman


Scan/Email contract to:

Greg@RealityREI.com

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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.