Your Price: only $25,000.00
1138 Cotton St. Reading Pa, 19602
Property Address:
1138 Cotton St.
Reading Pa.
3 bed 1 bath
1400 sq ft
A complete renovation has been started but never finished. Most of the kitchen cabinets are up and they are upgraded cabinets, not the cheapest that you buy at Home Depot. The extended bathroom has a brand new Jaccuzi tub, marble tile walls and floor. New drywall throughout first floor and partially on the second floor. New doors throughout. New electric water heater.
What it needs: Drywall needs to be hung on most of the first floor and ceiling yet. Material is supplied with the property. A lot of electrical loose ends need to be tied up along with the light fixtures. Finish kitchen flooring and drywall. Will need paint and carpet throughout.
Also, rehab estimate will include new furnace.
This property will be one of the nicest finished properties that I have seen in Reading because of all of the upgrades. It would work great as a flip and could make you up to 25k in profit. We have seen houses sell for 60k in the area that didn't have the upgrades.
Your Price: $25,000
ARV: 60k conservative, should be 65k
MAO: 29k @ 60k ARV, 32.5k @ 65k ARV
Rehab: $13k verbal from contractor, will have written estimate this week.
Rent $ 750.
Taxes: $1056