Instant Equity! Light Rehab Opportunity! Mabelvale AR 23001 Gravel Ridge Road Mabelvale AR 72103 Bedrooms: 3 Baths: 2 Occupancy: vacant Layout: rancher Sq Footage: 1,344 Year Built: 1986 Located in Mabelvale, AR this 1,344 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details. Repairs/Updates: paint, carpet, exterior updating, interior cosmetic updating. Contact me to view my house at (215) 315-3839 If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $15,000 Estimated Repairs to get highest rents: $20,160 Reinstatement Costs: $0 Transfer Tax: $50 Closing Costs (sale): $300 Buyer's initial investment: $35,510 + Monthly Rental Income: $700 - Vacancy Reserve: $70 - Monthly Real Estate Taxes: $24 - HOA Fees: $0 - Insurance: $67 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $70 = Net Monthly Operating Income: $469 Your Annual cash return: 15.9% Call me for Access: If you don't have the money to buy the house, I am willing to do owner financing.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
