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$64,900 / 4br - 2200ft2 - Single Family Fixer-Upper in Johnstown, NY - Great Bones, Owner Financ (Johnstown NY)

Prime Fix and Flip Opportunity – Potential for High Returns!

Exciting Investment Prospect:
Explore the potential of this single-family home in Johnstown, NY, requiring a complete rehab but offering great structural bones. Positioned in a promising real estate market, a recent nearby sale reached $270,000, highlighting the area's strong investment appeal.

Property Details:

Location: Situated in a thriving neighborhood.
Condition: Needs complete renovation; excellent flip potential.
Flexibility: Can be easily converted back into a 2-family home to maximize rental income.
Financials and Potential:

Purchase Price: $65,000.
After Repair Value (ARV): Over $270,000.
Rental Potential: Could bring in $2,400 per month as a 2-family residence.
Owner Financing: Owner may consider financing with at least $30,000 down for the right scenario.
This property is a fantastic opportunity for investors looking to utilize the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) or execute a straightforward flip with significant upside. Its ability to convert into a 2-family home adds versatility and an additional revenue stream.

Sale Terms:

Sold As Is: Capitalize on this home’s current state to tailor it to your vision.
Assignment of Contract: This property will be sold via an assignment of contract.
Cash Only Sale: All transactions are to be made in cash.
Deposit Required: 10% due at signing with the assignment contract.
Seize this chance to turn a promising fixer-upper into a profitable investment. For more details or to discuss owner financing options, contact us today with your contact information!

post id: 7743188218

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