GET STARTED | Access Our Properties List Today

  • This field is for validation purposes and should be left unchanged.

2 Houses on 1 Lot! Low Price! 737 W Wharton St, Roseburg OR Assigned

  • $130,000
  • 2 beds
  • 1 baths
  • 900 sqft
Assigned

2 houses on 1 lot! Front house has fire damage. Back house rented and Tenant will need to be relocated. Back house needs to be renovated.
Large lot in highly coveted West Harvard neighborhood. This will sell for $160,000+ as-is listed on the MLS, and the ARV is $300,000+. Comps are difficult as there are no 2 house lot sales recently, but there are plenty of Duplex sales which support a $315,000+ After Repair Value.

Market rents are $1,150 per house!

Repairs are ~$80,000, which includes Renovating the front house, and doing an update to the back house.

Suggested exit strategy is a Buy & Hold, adding 2 units to your portfolio.
Analysis:

Purchase price of $130,000
Repairs $80,000
Other costs $20,000
All-in at $230,000
Valuation of $315,000+ means you are able to easily refinance out and recover your cash! The ideal BRRRR (Buy, Renovate, Rent out, Refinance, Repeat) candidate.

Price:
$130,000
Address:
737 W Wharton St
Roseburg, Oregon 97471
Square Feet:
900
Lot Size:
6,534 sq ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1940
Basement:
N/A
Const. Type:
Stick Built

Additional Features

2 houses on 1 lot! Front house has fire damage. Back house rented and Tenant will need to be relocated. Back house needs to be renovated. Large lot in highly coveted West Harvard neighborhood. This will sell for $160,000+ as-is listed on the MLS, and the ARV is $300,000+. Comps are difficult as there are no 2 house lot sales recently, but there are plenty of Duplex sales which support a $315,000+ After Repair Value. Market rents are $1,150 per house! Repairs are ~$80,000, which includes Renovating the front house, and doing an update to the back house. Suggested exit strategy is a Buy & Hold, adding 2 units to your portfolio. Analysis: Purchase price of $130,000 Repairs $80,000 Other costs $20,000 All-in at $230,000 Valuation of $315,000+ means you are able to easily refinance out and recover your cash! The ideal BRRRR (Buy, Renovate, Rent out, Refinance, Repeat) candidate.

Call 9719404528 for more details

Property Location

2 houses on 1 lot! Front house has fire damage. Back house rented and Tenant will need to be relocated. Back house needs to be renovated. Large lot in highly coveted West Harvard neighborhood. This will sell for $160,000+ as-is listed on the MLS, and the ARV is $300,000+. Comps are difficult as there are no 2 house lot sales recently, but there are plenty of Duplex sales which support a $300,000+ After Repair Value. Repairs are ~$80,000, which includes Renovating the front house, and doing an update to the back house. Suggested exit strategy is a Buy & Hold, adding 2 units to your portfolio.