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 | Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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Property Details |
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| Property Information |
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| Project Name : |
Fixxer Upper in Martinsburg |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
West Virginia |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
1880 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Sq. Ft. |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Light Fixer |
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| Property Description: |
HandyMan Special...
This home has a lot of potential and is priced well below the appraised value. In 2005 it appraised for $168,000 and after repairs should easily be worth more. The home is structurally sound and sits on approximately 2 acres of land. It has a seperate 2 car garage and also 2 other small buildings. As far as repairs, it needs landscaping done, mostly just lawn maintenance, trimming trees, etc. Inside needs painting, floors are hardwood and could use refinishing, there is a lot of trash that will need removed, the kitchen could use renovation with new cabinets and appliances, new fixtures, possibley some electrical upgrades, roof is ok...it was redone roughly 10 years ago. The furnace needs maintenance or possibly replacing. |
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| Purchase & Invesment Information |
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| Purchase Price : |
$95,000 |
| Investment Type : |
Contract Assignment |
| Investment Amount Needed: |
$0.00 |
| Equity offered to Equity Partner : |
0.00 |
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| Estimated Cash on Cash Return for Investor : |
Members Only |
| Contingency Expiration Date : |
Members Only |
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| Process Complete to Date: |
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 Members Only |
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| Why is the Property being Sold?: |
| Members Only |
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| Personal Invesment Details |
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| Will Seller Carry a Note : |
No |
| Rate : |
Members Only |
| Years Amortized : |
0.00 |
| Amount : |
$0.00 |
| Ballon Amount : |
$0.00 |
| Prepayment Penalty : |
$0.00 |
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| Familiarity with Property : |
Very Familiar |
| Familiarity with Neighborhood : |
Somewhat Familiar |
| Time Inveting in Realestate : |
1 - 3 Years |
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Market rent / Vacncy Information(0) |
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Floor Plan / Site Plan (0) |
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