Buyer financing fell through, so their loss is your reward!
Here is a huge 3,386 SQFT 5/3.5/2 that is ready to flip in Orwin Manor.
This property is going to need everything as far as rehab. However, there is a huge spread on this deal so you could still put upwards of $150,000+ and have around $300,000 to $350,000 of equity.
The comps are showing smaller houses in the neighborhood are selling between $710k and $840k. So with a house this size and a high-end rehab you can sell this quickly around $800k – $850k on the retail market.
Orwin Manor Westminster
Est. Rehab: $150,000 +/-
Est. ARV: $800,000 – $850,000
Recent Area Sales / Activity:
- 1415 Westchester Ave – 4/4, 3427 SF – Pending for $798k
- 1233 Chichester St – 3/2.5, 2382 SF – Sold 3/8/19 for $710k
- 1455 Westchester Ave – 4/3.5, 2704 SF – Sold 7/19/19 for $840k