ARV = $120K
Property is Vacant and on a Lock Box
Comps:
- 7402 18th Ave #18- ACTIVE for 19 days @ $120k (482 SQFT)
- 7405 18th Ave #20- $110k (490 SQFT) – Non renovation
- 7402 18th Ave #210- $95k
Property Details:
- Taxable Total Asmt: $85,000
- Bldg/Complex Name: RIGGS HILL CONDO
- Total SQFT: 515
- Condo / HOA Fee = $281 per month
- $281 covers everything outside unit plus water & Laundry
- Gas and electricity separate
- County: Prince Georges, MD
- Laundry room under the building
- The furnace is 5 + years since serviced
- Central Air
- The condenser is less than 5 years old
- Rentals going for $1,200 to $1,500 per month
Rehab Estimate for FULL GUT/FLIP: $20k
Rehab Estimate RENT READY: $10k?