Estimated Closing Date: 01/08/2021
Property Address: E. Carey Ave. Las Vegas, NV 89156
Parcel Size: 5,227 sqft
Residential / Building Area: Modular Home – to be converted to real property
(1,488 approx. sq ft 3 Bed, 2 Bath & Studio Apt. Sitting on .15 acres)
Year Built: 1972
Loan Amount: $25,000.00
Approximate Value: $190,000.00
Loan to Value: 13% based on purchase price
Loan Term: 12 Months – 3 Month Prepay
Payments: Interest Only Payments
Property Zoning: Manufactured Home
To be Converted Modular Home / Single Family
Other useful information for the Investor: Property is fully gated with Bid renovations throughout. Spacious kitchen with island, breakfast bar, granite counters, newer stainless steel appliances, and upgraded fixtures. Large side yard with Studio/ Workshop and covered parking.
Fix & Flip Borrowers repair estimate attached ($9,875.00) of which $2k is miscellaneous/ Cont. Additionally there is a $4,200 Bid to convert along with $1,800 awning estimate for code. Value according to buyers as finished will be listed at $190,000.00
Exit Strategy: Sale
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