🏚️ INCREDIBLE SUB2 DEAL IN BELLEVILLE ILLINOIS 62223! 🔄🤝

This 3-bed, 2-bath property in Belleville IL sits on a nice .17-acre lot, offering a plenty of space for privacy and entertainment. This home has been well maintained over the years and would need a light rehab for it be rental ready. The property can be updated to your liking and give a newer appeal as a flip as well. Note: There are no foundation issues, HVAC and roof are both in working condition. ALL DEBRIS IS CURRENTLY BEING ROMOVED FROM THE PROPERTY. This is an opportunity you don’t want to miss!

SUB2 OPTION:
Entry Fee: $27,000
Mortgage Balance: $114,000
Interest Rate: 3.5%
PITI: $1135.44 / month
Due To Seller Each Month: ZERO!
Balloon Payment: 5 years


After Repair Value (ARV): $250,000 💰

Recent Comps (Sold in the past 6 months within 1 mile):

🏠716 Southgate Dr Belleville IL – Sold for $260k (Rehabbed)

🏠 108 Southgate Dr Belleville IL – Sold for $235k (Turnkey) 

🏠 311 Chevy Chase  Dr Belleville IL– Sold for $235k (Turnkey) 

Fix and Flip Potential: 🛠️ With a rehab investment of $60K (using quality materials), you can bring this property up to the level of the comp that sold at 260k. Recommended improvements include:

• New fixtures
• Kitchen and bathroom updates
• Flooring (optional)
• Interior/exterior paint
• Exterior Updates
• Cabinetary
• Tile Work
• Minimal Landscaping
• Recessed Lighting
  
  If you wanted to to get it rental ready, an investment of 25k or less would achieve that standard. Some recommended improvements are:
• Interior Paint
• Bathroom Update
• Kitchen Update
• Hardware and Fixture Updates

The average rents in this area for a 3 bedroom is approximately 1600-1800/month. Checks off 1% Rule ✅

Closing Date: 01/15/2025 or sooner
This property is currently vacant. To schedule a tour, please contact us directly.

This deal won’t last long! Submit inquiries to discuss further.

YOU CAN ALSO CONTACT ME AT 678-787-9323

Buyer is responsible for all closing costs.
Sight-unseen offers are welcome, but property tours must be arranged through us.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the seller, giving this company exclusive rights to purchase the property. We do NOT represent the owner, nor are we brokers. Any attempt to contact the owner without our consent will result in legal action.