Get your hands on this great investment opportunity just a block away from East Lake Tahoe! Location is everything!
This Saint Cloud home is steps away from the famous walking paths, restaurants, bars, parks, and boat access to Lake Tahoe just a block away!
Home features lake access to East Lake Tahoe, huge back yard, large enclosed porch; shed; and a permitted and heated detached shed!
Home will require interior updating; electrical & plumbing appear to be in good working condition. No HOA!
Property is occupied & will be vacant at closing. Closing date 2-9-21 with early closing possible.
|Distance||Status||Address||Heated SF||Sold Price||Beds||Baths||Year Built||Date Sold||Price Per SF|
|0.3 mi||SLD||919 INDIANA AVE||1,650||$269,000||3||2||1949||6/26/2020||$163.03|
|0.4 mi||SLD||501 DELAWARE AVE||1,458||$255,000||4||2.5||1972||8/31/2020||$174.90|
|0.2 mi||SLD||315 FLORIDA AVE||1,380||$250,000||3||2||1957||10/30/2020||$181.16|
|0.3 mi||SLD||200 VIRGINIA AVE||1,338||$223,000||2||1.5||1958||10/30/2020||$166.67|
Subject is 1,755 square feet. At an extremely conservative $154 sold per foot, that gives an ARV of $270,000.
ALL comps within half of a mile of subject property within the last six months have sold for above $166 per foot!! Your ARV could even be higher than 270k! The permitted (and heated) shed only adds to the square footage of the property!
Easy math on this one, folks! Get your investment back fast!
Act fast! Many of our homes go under contract in an hour or two! Call Megan 478-737-9311
YOUR price $154,900 plus closing costs…cash or hard money buyers only, Realtors, add your fee on top!
We have the property under contract, and we are selling the contract.
DO NOT approach either property! Shown by APPOINTMENT ONLY