INVESTOR SPECIAL!!! .20 Cents on the dollar! Large, Single Family home in the heart of downtown Hagerstown awaits the touch & vision of a seasoned investor to bring this home that once had character and curb appeal back to life. The home needs significant repairs but has good upside. Yes, this is not a quick turnaround however your reward is just OVER or at a 1.5% price to rent ratio once completed. This is a large 5 plus bedroom home and would bring $1200/m rent once rehab was completed. I would expect it appraise $115,000-120,000 once completely rehabbed. If done correctly you could potentially refinance your capital out of the deal and have no money in it. There is off street parking to the rear of the property and a small in town lot.
Projections are provided for your convenience and may vary depending on factors such as your cost of money and how quickly and affordably your able to get work https://app.rehabvaluator.com/f6rF1g0b184A-H
Available AS IS – CASH – Assignment of contract. Closing must take place at our preferred title company (Tri State or Premier) both in Hagerstown. Do not disturb or trespass! Call or Text us at 240-342-4675 if you are interested to see this property or others just like it OR to learn/work along side us via our “Passive Partner Program”.