x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Global Regions ( XML Feed )
United States ( XML Feed )

Sep 23, 2015 7:39 EST

1044 Los Robles Fix and Flip: 1044 Los Robles Blvd, Sacramento, California

iCrowdNewswire - Sep 23, 2015

1044 Los Robles Fix and Flip

View the Property
Investment Summary

This is a prefunded purchase & rehab opportunity for a Multi-Family Residential property in California. The subject property address is 1044 Los Robles Blvd, Sacramento, California.

The developer is requesting a loan of $143,000 in order to purchase and renovate the underlying property. The property was purchased for a total of $150,000 in August of 2015. There is moderate renovation needed for the underlying property, totaling $45,000. The borrower will receive 3 draw(s) totaling $143,000 over the course of the loan. The initial draw in the amount of $98,000 occurs at closing. The second draw of $20,000 will be disbursed when the renovation is half-complete. The third draw of $25,000 will be disbursed when the property is complete. The borrower plans to refinance in one year or under.

1044 Los Robles Blvd

  • Purchase Price: $150,000
  • Renovation: $45,000
  • After-Rehab Value: $205,000

An independent third party appraisal commissioned by Patch of Land, shows an After Repair Value (ARV) of $205,000 for 1044 Los Robles Blvd. The ARV ratio is 69.76% and is in line with the data we found during our due diligence process. Our research shows the residential market surrounding the underlying property in this area of Sacramento is stable and supply and demand are in balance.

Property Overview

1044 Los Robles Blvd was built in 1940, located in the suburban neighborhood of Sacramento, California. This property is a triplex. The property has 10 rooms including 3 bedrooms and 4 bathrooms, with a gross living area of 2,165 sq. ft. on a 6,098 sq. ft. lot. The property will remain 2,165 sq. ft. after renovations. The property is near public amenities, shopping, and recreation.

 

Renovation

1044 Los Robles Blvd

Property renovations are awaiting loan to start renovation and there is moderate renovation needed for the property. The following renovations are planned to be completed:

  • Interior Paint
  • Carpentry Repairs
  • Exterior Siding Repairs
  • Plumbing Repairs
Contact Information:

3.0 Investments LLC

View Related News >
support