506 Marion Road, Hampton, VA 23663
Great opportunity in Hampton!
This Hampton home consists of 3 bd/ 1 ba/ 988 sqft of living space on a 4,800 SQFT lot. Don’t miss out on this great opportunity!
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 50% 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:
$120,000
After Repair Value:
$190,000
Investment Duration:
25 Days
Return on Investment:
50%
Rehab Cost
$11,500
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $168,000 and has made a 30% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Karl Smith
Rehab Cost Breakdown
-
- Electrical Inspection & Repairs: ($2,000)
- Plumbing Inspection & Repairs: ($1,500)
Exterior:
- Landscaping: ($500)
- Paint: ($1,000)
Interior:
- Kitchen:
- Backsplash: ($500)
- Cabinet Hardware: ($1,000)
- Lighting: ($1,500)
- Flooring: ($1,500)
- Contingency: $2,000
Total Estimated Cost: $11,500