23425 Mintdale Rd, Sturgis, MI 49091

Details: 

🛏️ Beds: 3

🛁 Baths: 2

📐 Living Area: 1,456 sq. ft

📐 Lot Size: 70,567 sq. ft

🏢 Year Built: 1994

• ROOF 10 YRS OLD.
• FURNACE 15 YRS OLD.
• WATER HEATER 1 YEAR OLD.
• FOUNDATION & STRUCTURE OK
• PLUMBING & ELECTRIC OK
• 2 CAR ATTACHED GARAGE.
• ZILLOW PICS 1 YEAR OLD.
• SELLER BOUGHT IT BY END OF 2021 FOR 157K.

CONTRACT PRICE: $100,000

EST. TOTAL EXPENSES: $50,000

AFTER RENOVATION VALUE: $250,000

EST. TOTAL PROFIT: $100,000

Does the market support the Sales Projections?

🏘️ COMPS:

 #1 - 66952 Sherman Mill Rd, Sturgis, MI 49091

3 bd 2 ba - 1,424 sqft 

Sold:$257,000 - Sold on 09/26/23

#2 - 67051 Sherman Mill Rd, Sturgis, MI 49091

2 bd 2 ba -1,400 sqft 

Sold : $180,000 Sold on 02/16/24

Exit: Assignment. Assigned to an investor for $105,000 and collected $5,000 assignment fee

Paperworks:

Purchase & Sales Contract

Assignment Agreement 

Closing Statement