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  • Writer's pictureStephen Sinko

Not afraid of TLC

Estimated Closing Date: 9/15/2021

Property Address: Arlington Ave Las Vegas, Nevada 89107

Parcel Size: 8,276 sqft

Residential / Building Area: 3 Bedroom & 2 Full Bathrooms 1,537 sqft single story home 2 car garage.

Year Built: 1963

Property Information:

INVESTOR OPPORTUNITY - SINGLE STORY HOME ON CORNER LOT W/ POOL! - Come check out this fixer-upper, a single story home featuring a converted garage that can be used as a family room/office, corner lot, and in-ground pool with yard located minutes from the US 95, schools and shopping! Though the property will require some TLC, this could be a great investment opportunity.

Loan Amount: $196,000.00

Approximate Value: $245,000 purchase contract

Loan to Value: 80% based on purchase price

Loan Term: 12 Months – 3 month interest Guaranteed

Payments: Interest Only Payments

Property Zoning: Single Family Home

Exit Strategy: Refinance – borrowers believe they will credit qualify in the next 6 months.

Use of Funds: Purchase Money 1st Mortgage

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