STRANDPARK

73575 Sunnyvale Dr, Twentynine Palms, CA 92277

Great opportunity in Twentynine Palms, CA

This home consists of 3 bd/ 2 ba/ 1,704 sqft of living space on a 0.47 Acres lot. Don’t miss out on this great opportunity!

CLICK TO VIEW PICTURES AND VIDEOS

Investment and Property Details

At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 40% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.

Purchase price:

$190,000

After Repair Value:

$368,000

Investment Duration:

63 Days

Return on Investment:

40%

Rehab Cost

$65,500

Agreed Purchase Price:

The end buyer has agreed to purchase the property for $340,000 and has made a 20% non refundable deposit towards the ARV.

Security

Rock-solid, legally binding joint venture agreement guaranteeing your investment return and a 21% lien on the property.

Strandpark-properties-JV-contract-agreement-Download

Lead Contractor

John Baker

Property Details:

  • Size: 3 bedrooms, 2 bathrooms, 1,704 sq ft
  • Lot: 0.47 acres
  • Year Built: 1978

Rehab Cost Estimate:

1. Exterior:

  • Roof:
    • Inspection and potential replacement: $5,000.
  • Siding:
    • Power washing and repainting: $3,000.
    • Potential repairs to stucco: $1,000.
  • Driveway:
    • Repair: $5,000.
  • Landscaping:
    • Desert landscaping, including clearing debris and potential irrigation: $5,000.
  • Pool:
    • Draining, cleaning, repairs, and resurfacing: $5,000.

2. Interior:

  • Cleanout and Demolition:
    • Removing debris and unwanted items: $2,500.
  • HVAC:
    • Inspection and replacement: $4,000.
  • Electrical:
    • Inspection and potential upgrades: $3,000.
  • Plumbing:
    • Inspection and potential repairs: $5,000.
  • Flooring:
    • Cleaning: $3,000 .
  • Painting:
    • Interior painting: $2,000.
  • Bathroom and Kitchen:
    • bathroom repairs: $10,000.
    • kitchen repairs: $6,000.

3. Additional Costs:

  • Permits and Inspections:
    • $3,000.
  • Contingency (3,000):
    • To cover unexpected costs.

Total Estimated Cost: $65,500