WHY THIS ONE IS INTERESTING
The opportunity isn’t simply buying another 3/1 and putting in flooring and paint.
At approximately 1,242 SF with a basement and detached garage, an experienced investor has the ability to evaluate whether a more functional 3/2 or potentially 4-bedroom configuration can be created during renovation.
Nearby renovated properties with additional bathroom/bedroom functionality have demonstrated materially higher resale values than basic 3/1 properties.
We are intentionally providing both valuation scenarios so buyers can underwrite the property based on their own renovation strategy.
TWO WAYS TO UNDERWRITE THE PROPERTY
OPTION 1 — RENOVATE AS EXISTING 3/1
Recent comparable sales indicate an estimated renovated value of approximately:
3/1 ARV: $125,000–$140,000
This is the more conservative renovation strategy and may be better suited for a landlord or investor with a low-cost construction model.
OPTION 2 — FULL VALUE-ADD RENOVATION
For an investor already completing a substantial renovation, the stronger strategy may be to improve the property’s functionality by adding a second bathroom and potentially creating additional bedroom space where legally and physically feasible.
Nearby fully renovated homes with improved bedroom/bathroom configurations support approximately:
Potential Improved ARV: $150,000–$160,000
The higher valuation assumes a materially superior finished product and is not being represented as the ARV of the property in its current 3/1 configuration.
TERMS
Investor Price: $38,000
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- Vacant / AS-IS
- Cash or hard/private money
- Buyer EMD: $500
- Closing: on or before November 7th 2026
- Inspection/access: buyer may walk the property before committing
- Assignment Fee is already part of the $38,000 Asking Price
WANT TO WALK THE PROPERTY?
Contact us for the complete photo package and to schedule access.
Mark Rodriguez
Joint Venture Properties LLC
480-251-8664
mark@jointventure-properties.com