Estimated Closing Date: 1/8/2021
Property Address: Two Knights Dr. Las Vegas, NV 89156
Parcel Size: 6,534 sqft
Residential / Building Area: Modular Home – to be converted to real property
(1,488 approx. sq ft 3 Bed, 2 Bath & Sitting on .15 acres)
Year Built: 1990
Loan Amount: $30,000.00
Approximate Value: $170,000.00
Loan to Value: 18% 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, white quartz counters, new white shaker cabinets, stainless steel appliances, and upgraded fixtures. Stunning, upgraded bathrooms with brand new vanities, mirrors, hardware, and custom tiled showers. Large backyard with shed and covered parking.
Fix & Flip Borrowers repair estimate attached ($20,925.00) of which $2k is miscellaneous/ Cont. Value according to buyers as finished will be listed at $170,000.00 – to $190,000.00
Exit Strategy: Sale
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