NOT in MLS: 3 Level Townhouse in Burke VA (in Good Condition) for Only $449,900! That's $100K+ Below Renovated Comps!!

5874 Jacksons Oak Burke VA 22015

Sale Price
Sale Price: $449,900
Estimate Repairs: $60,000
After repair value: $550,000
Equity Potential: $40,000
Description of Home
Type: Townhome
Bedrooms: 3
Bathrooms: 2.5
Levels: 3
Parking: 1 Assigned Spaces
Square Feet Total: 1320+660
Lot Size(Acres): 0.0321acres
Sale Comps
5818 Oak Ladder Ct - Sold - $557,000
 
10858 Oak Green Ct - Sold - $540,000
 
5826 Jacksons Oak Ct - Sold - $540,000
 
Rent Comps
10603 Reeds Landing Cir - Rented - $3200
10629 Lakeside Oak Ct - Rented - $2900
6055 Meyers Landing Ct - Rented - $2600

Additional Information

GREAT LOCATION!! This 3br, 2.5ba, 3 level townhouse is well located in Burke VA. It has a finished basement and overall, the home is in good condition, just outdated. The home is in good enough condition to qualify for conventional financing, making it a HUGE OPPORTUNITY for 'owner occupant' type of buyer looking for BIG SWEAT EQUITY where they can move in now and update as they want. Its also a rare find for the buy/hold investors looking in that area. The home can be rented in its current condition and actually has a tenant in the home now paying $1500/month that can either stay (although we've already given then notice to vacate prior to closing) and would probably rent for ~$3000/month once the home is updated. Also, if you want to buy it as a rental, you could also let us know what rent amount you would allow the tenant to stay and we can propose that to them. This home is also a great opportunity for the rehab investor looking for an easy rehab and BIG PROFIT. Similar sized homes in the area are selling for $550K+ renovated, but you can purchase this home for only $449,900. That's a $100K+ spread!! Hurry, this home 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. NOTE: HOA dues are ~$294/qtr and cover minimal items (we think just trash).

Contact Person:

Greg Norman


Scan/Email contract to:

Greg@MyOffMarketHomes.com

Door Directions

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.