🐘130K Spread 💲Near Detroit Lake🚤

Marion County, Gates, OR, 97346 view full address
For Sale
Listed at: November 18th 2022
Price
$170,000
ARV
$370,000
Spread
$200,000
34 pictures, show all
Sq. Footage
1330
Type
Single Family
Parking
Carport
Year build
1950
Lot size
0.24 acres
Bedrooms
2
Bathrooms
1

If someone buys for this price, no more offers will be accepted

Summary

This home is located 30 minutes from Salem, Oregon near Detroit Lake!


The long living room can be divided into 2 bedrooms and then add a 2nd bathroom

If the property is converted into a 3/2 the rents go up SIGNIFICANTLY (around $2300/mo+)

💰 Investment Opportunity 💰

🛠Fix & Flip

Retail Value: $370,000

Purchase Price: $170,000

Est. Rehab: $70,000

Est. Profit: $130,000

Rental

Purchase Price: $180,000

Est. Rehab: $70,000

Rent $1,500 x 12: $18,000

Rent $1,900 x 12: $22,800

Est. Cap Rate: 7.66%

🏡Property Details

Rehab Level: Heavy - there was a small fire in the living room

HVAC: None

Construction: Wood

Roof: Needs to be replaced

Occupancy: Vacant


📚Nearby Schools

Santiam Elementary School

  • Grades: K-6
  • Distance: 4.1 mi

Santiam Junior/Senior High School

  • Grades: 7-12
  • Distance: 4 mi


‼️YOU CAN CLICK THE⭐️WIN IT NOW⭐️BUTTON AND AVOID ALL THE BIDDING‼️


All feedback is welcome! All reasonable offers will be considered!


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DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the Seller. One or more members, directors or employees of Sell Quick for Cash LLC are licensed real estate agents in the state of Arizona with Gentry Real Estate. There is no agency, expressed or implied, between Buyer and Sell Quick for Cash LLC or any of its members, directors or employees. Any attempts to renegotiate or make contact with the owner will result in legal action.

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Bathrooms
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Last Sale Date
Last Sale Price