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MAKE 15% ON THIS HIGH EQUITY FLIP
$137,000.00

MAKE 15% ON THIS HIGH EQUITY FLIP

House Front, Foyer, Foyer looking into Living, Living looking into dining, Dining looking left Kitchen, Kitchen, Kitchen looking laundry and Bed 1, Downstairs Bed 1, Upstairs Bed 2, Upstairs Hallway

2,359 Sqft 4 Bed 2 Bath property built in 1920 in a great part of Clarksburg, WV. Purchasing property at a very deep discount. Roof is only 2 years old. House has a lot of very attractive character that will be preserved.

Terms:

All in cost (lending needed) $137,000
12.5% Interest (15% if funding is committed by 05/25)
12 month balloon (Total project length expected 6 months from close to resale) I always do 12 month balloons on my larger projects to help account for any contractor delays, ordering delays, etc. but realistically should be no longer than around 6 months from close to resale for this project.
Closing 2nd weed of June

Lending Documents/Next Steps:
If you decide to lend on this project your funds will be secured with a deed of trust on the property and a promissory note. 48-72 hours before closing, my attorney will send you the title and other relevant documents to review. If you agree with everything and see no mistakes, my attorney will provide you with wiring instructions to wire the funds into an escrow account.

What Sets US Apart:
Unlike other investors/flippers, within 24 hours of closing I will pay 2 months of interest payments IN ADVANCE to you.

Why you should lend on this property:
We're purchasing this property at such a deep discount (as I do with every flip I do) that this deal cannot go wrong. All in price of $137,000 is only 60% of the what this property will be worth after rehab. After rehab is completed almost $85,000 of appreciation will be forced into the property!

Short Scope of Work:

Interior:
Full gut remodel
HVAC work
Plaster repair -walls and ceilings
All walls and ceilings will be mudded for new smooth finish
Fully Remodeled Bathrooms
All new remodeled Kitchen featuring an island, tile backsplash, and all new cabinets
Kitchen wall will be blown out to provide an open concept
All new light fixtures
New stainless steel appliances
All new Laminate plank flooring throughout
Some windows will be replaced
Upstairs hallway will be drywalled
All fireplaces will be covered with the exception of one
All new doors and door hardware

Exterior:
New landscaping
Whole house will be painted
New shutters
Removal of awnings

Please message me if you would like photos or any additional information! Or shoot me a text at 304-677-0332 if you'd like to chat!

Property Information

Address
708 Mulberry Ave, Clarksburg WV 26301
Property Type
Single Family Home
Bedrooms
4
Bathrooms
2
Year Built
1920
Building Square Footage
2,359
Lot Square Footage
8,233

Financials

Estimated Repairs
100,000
After Repair Value
220,000
Total Investment
137,000

Contacts

Phone 1

Author Info

Trevor Wilcox

Member since 1 month ago
  • trevor@wilcoxrei.com
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