AMAZING OPPORTUNITY in Centerville’s Center Ridge – Easy Sweat Equity for Owner-Occupants
This is a unique listing coming up that is a perfect match for your first-time entry level homebuyer who is willing to earn a little DIY sweat equity. This is a "diamond in the rough" for a buyer who isn't afraid of some work to get into a popular, well-located neighborhood.
THE MATH The price is $425,000. The ARV (After Repair Value) is solid at $485,000+. With an estimated $20,000+/- in cosmetic repairs—mainly carpet, paint, appliances, and minor repair — a buyer would be all-in for $445,000. That leaves them with $40,000 in equity immediately upon completion. No competition and a great entry-level price of $425K with low HOA. New roof and HVAC were done in the late 20-teens.
THE SITUATION The property is currently heavily cluttered and the seller is reclusive with some health sensitivities. Because of this, we are seeking a streamlined, as-is sale to minimize stress on the occupant.
SHOWING PROCESS To protect the seller’s privacy, there is no lockbox and we will do showings by appointment on May 31 to serious inquiries. Interior access will be granted to buyers who have reviewed the listing and have a pre-approval or proof of funds.
This is the lowest-priced entry into the area with a low HOA fee and a great chance for a buyer to build instant equity in this market while helping a seller in a tough spot.
Let's put a deal together!