Property Description:

Assignment of Contract! Turnkey rental or light fixer with tons of potential for cashflow!! This house is currently a 4/2, 1833sf, on 0.53 acre lot in the city limits of Beebe, AR. The property consists of the main house, plus a lofted storage-type building that could easily be converted to a tiny house, a 2-car garage with a workshop room on the back side, and an older house that could use a heavy rehab for additional income. There is also plenty of room on the lot to build another small house next door. The main house has already been completely rehabbed (foundation has been raised, many floor joists replaced, one new HVAC plus a mini-split system, newly renovated kitchen and baths, new appliances, fixtures and windows). The main house has 2 bedrooms downstairs and two bedrooms upstairs. The upstairs bedrooms can be accessed from a stairway inside the house, but they also have a private entrance and deck behind the house. There is a tenant in place currently paying $1500/mo, and their lease expires in January. They are currently planning to move out, but you would need to honor the lease until the expiration.
ARV: $210,000
Rent: $1500-1800, or more if you add extra housing (see above)
Asking: $170,000