HEAVY REHAB; 2 Flat Frame; 2 3bed, 1 bath units 1000 sq ft per unit; ; Built in 1902 ; ARV $225,000; $90,000 Rehab; Selling Price $70,000..S TEAL OF A PRICE; $1300/month per unit rent= $2600/month in possible rents; Over $40,250 in Profit Potential after all holding costs and expenses for fix and flip; $65,000 equity if buy and hold plus $2600/month or $31,000/year income (see detail below)

HOT WEST ENGLEWOOD; HEAVY REHAB; 2 Flat Frame; 2 3 Bed, 1 Bath Units; 1000 sq ft per unit

HOT WEST ENGLEWOOD; HEAVY REHAB; 2 Flat Frame; 2 3 br , 1 bath units, 1000 sq ft per unit; $90,000 HEAVY REHAB
Purchase Price:  $70,000 CASH AS IS…Less than 30% of ARV…INCREDIBLE BARGAIN!!
After Repaired Value: $225,000
Purchase Price: $70,000….Less than 30% of ARV!!!
Monthly Rent Possible $1300 per unit=$2600/monthx12=$31,200/year income potential
Less Closing  Costs @7%: $15,750
Holding Costs @4% $9000
Estimated Project Time: 2 months
Less Repairs:   $90,000 rehab

Sale Price:     $70,000
Potential Equity (if buy and hold: $65,000) + $1300 X 2 /MONTH CASH FLOW=$31,000/year income
Potential Profit: (if buy and sell: $40,250.00)

Offer Requirements:
Purchase Price: at $70,000 CASH AS IS
CASH BUYER 
$5,000 Earnest Money
Verifiable Proof of Funds and Verification of Deposit (Redacted Bank  or Brokerage Statement Only)
14 Day Close

Preference given to CASH DEALS or hard money only. All offers require cash or a private/hard money loan in order to purchase – no conventional or FHA financing available due to condition. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs. Back taxes and any City of Chicago liens paid at closing from Seller’s proceeds.

To SUBMIT OFFER or questions: submit by email to:
Kevin Pritchett, Esq
Law Office of Kevin Pritchett, Inc.
ironkop@gmail.com

312-505-1957