Brook St, Ayer - Fix and Flip
Acquisition Details
This property is under agreement as a short-sale, pending bank approval of the final sales price. This deal was delivered via agent through the MLS. It's a mere 14 months in the making! The appraisal shows terrific upside potential once the transaction is approved.
We are accepting partnership opportunities on this deal. Send me a message to find out how you can earn strong returns on this project!
Project KPIs
Acquisition and Project Basics
Project Type: Fix and Flip
Property Characteristics: 3 bed, 1 bath (existing)
Location: Ayer, MA
Acquisition Source: MLS
Construction/Improvement Timeline: 3 months anticipated
Total Timeline: Excluding short sale approval, 5 months
High Level Financials
Acquisition Price: $335,000
Rehab & Carrying Costs: $150,000
Disposition Price: $695,000
Investment Metrics
Debt or Equity: 80% of purchase price will be raised, along with $120k in rehab funds
Investor Returns: 10.5% offered
Value Add Summary
High Level Scope of Work:
- First floor cosmetics and deep cleaning
- Finish the basement
- Upgrade electric, plumbing and HVAC
Value Add Highlights:
- Final characteristics will be 4 bed, 2 full bath, 2,100 SQFT of GLA
- An additional bedroom and bathroom will be added to the walkout basement
- Curb appeal will go a long way at this property
- Location is everything, steps away from the Ayer T-stop