NOT in MLS: 3BR 1 Level Detached Home in Fredericksburg VA (in Good Condition) for Only $289,900! That's $110K+ Below Renovated Comps!!

10 Rosewood St Fredericksburg VA 22405

Sale Price
Sale Price: $289,900
Estimate Repairs: $50,000
After repair value: $400,000
Equity Potential: $60,000
Description of Home
Type: Detached Home
Bedrooms: 3
Bathrooms: 1.5
Levels: 1
Parking: Driveway
Square Feet Total: 1124
Lot Size(Acres): .2296 acres
Sale Comps
1 Burnt Oak Ln - Sold - $400,000
 
Rent Comps
211 Northview Dr (renovated 3br/1ba) - Rented - $1895.00
56 Kelley Rd (as is 3br/1ba) - Rented - $1645.00
714 Culpeper St (renovated 3br/1ba) - Rented - $2000.00

Additional Information

GREAT LOCATION!! This 3br, 1.5ba, 1 level detached home in Fredericksburg, VA is in good condition. It sits on a level .2296 acre lot with a fenced backyard and large decked patio. The home has a family room, and it also has a separate living room that could be converted to a full bedroom and full bathroom if an investor really wanted to. But in its current condition, 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 for ~$1,900/month once the home is renovated or just clean it up and rent it for $1645/month. 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 $400K+ renovated, but you can purchase this home for only $289,900. That's a $110K+ spread!! Hurry, this home in this location won't last! NOTE1: 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. NOTE2: Occupants to leave property on January 31, 2025, so closing cannot take place until February 1, 2025.

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.