N Catawba St, Lancaster, SC – UNDER CONTRACT
-
Single Family House -
3 -
2 -
1915 -
1720 -
0.25 -
Detached Garage
Description
308 N Catawba, Lancaster
3 bed, 2 bath (Additional 4th room can be made into a bedroom by adding a closet)
Lot size: 0.25
Asking Price: $129,500 (OBO)
After Repair Value: $249,000
Projected Rental Rate: $1,600/month
Condition: Roof is 3 years old, HVAC system is 6 years old. Original hardwood is in most of the house. Foundation issues have been inspected and a detailed scope of work has been provided by the foundation repair company for $14,000 (detailed scope of work can be provided upon request)
Rehab Est for Flip - $65,600 (this includes the foundation repairs)
Rehab Est for Rental - $29,800 (this includes the foundation repairs)
Best Comps
1.) [503 Gillsbrook Rd] [3 end 2 bath 1,676 sqft] SOLD $265,000 (slightly older!!)
2.) [211 N York] [3 bed 2 bath 1,460sqft] SOLD $220,000
3.) [302 W Meeting St] [3 bed 1 bath 1,526 sqft] SOLD $210,000 (clean not updated)
HOA: No HOA
Water and Sewer: City
Buyer agrees to pay all closing costs (All furniture and belongs have already been removed)
PLEASE NOTE - We own this property as part of our portfolio. No wholesalers or daisy chains.
Estimated Spread
- ARV $249,000
- Price $129,500
- Spread $119,500
