Rice Road Rehab OR Rental Sold

  • $28,500
  • 4 beds
  • 1.5 baths
  • 1574 sqft

For your next investment, try on this split level north of I-70 just west of Ballenger. You can either clean up the property and rent as-is or overhaul it to sell in our hot Columbia market. If you go the rehab route, the property needs updates throughout. But it boasts hardwood floors in all living areas on the two main levels. The basement is half finished and needs attention along with the garage.  There is a spacious backyard and covered deck. Call Ron to schedule a walk-through.

PRICE: $28,500

After Repair Value: $89,500

Repairs for Flip:
Kitchen updates: $5000
Bath1: $2000
Bath2: $3000
Bedrooms: $4500
Basement/Garage: $8500
Interior Paint: $3200
Siding: $7000
Exterior updates: $1200
TOTAL: $34,400

PROFIT: $89,500 – $62,900 (price+rehab) – $6,300 (7% closing costs) = $20,300

Contact Ron (573) 397-7655 for more details

(I Buy Mid-MO Houses is marketing a contract to purchase this property)

Price:
$28,500
Address:
4609 Rice Rd
Columbia, Missouri 65202
Square Feet:
1574
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1969
Basement:
1/2 finished

Call (573) 397-7655 for more details

Property Location