1014 Lafayette Ave, Colonial Heights, VA 23834

Property Status: Available (Wholesale) | For Sale: $94,000.00


3 Bedrooms / 2 Baths / Single Family


Property Photos


2 Rentals In One OR Fix And Flip In Colonial Heights


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $94,000.00
Property Details:
3 Bedrooms / 2 Baths / Single Family
Property Style:
Ranch
Year Built:
1947
Finished Sq Ft:
952
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
Central Air
Fireplace
Mother-in-law suite out back 1bd/1bth
Contact Info
Noble Heart Homes LLC
(804) 779-5538

View on Individual's Website
This house needs NO work to be rented and will rent for $1,000+/month but it also has a HUGE upside if you want to fix up the mother in law suite out back! That's Right, TWO houses on one lot. The mother in law suite out back is a 1 bed/ 1bath and needs quite a bit of work but has water etc already there. The main house has been fully updated with stainless appliances included, New paint TOO... Could easily sell on the MLS for over 115K RIGHT NOW!! Price - 94K Rehab - 20K ARV - 155K PROFIT - 41K Rent - 1k/mo(Main) +500/mo(in law) = $1500/mo......Should cash flow $500/mo+! NO Rehab To Cash Flow Now, Flip Potential Too! Work Needing to be done for rental: Main House is Ready To Rent As-Is Siding(not completely necessary) Full Rehab on Mother In Law(15-20k) Work Needing to be done for flip(Include above items) Siding New Carpet/Flooring in Bedrooms and Living Room Rehab Mother In Law Suite A few other minor cosmetics Don't Miss This One! VIDEO HERE: https://youtu.be/_FkiVzt0Rc0 https://gallery.mailchimp.com/aa1291b7c9c8aec506f5a0554/images/1b35a42d-d7a1-4e08-b0b1-a118fa1e25a4.png

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Richmond Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

Richmond Real Estate Investors Association
  • (804) 254-7653
  • 15430 Pouncey Tract Rd
  • Rockville, VA 23146

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