100 S 2nd St

Investor special!! Sold as-is, cash buyers only. ***Foundation quote of $10500*** NEW HVAC being installed this weekend, 9/19, both inside and outside units. Terms: "As-Is" Property Condition Clause: The property is being sold strictly in its current "as-is" condition. While we welcome you to perform your standard walkthrough and inspections to satisfy your own due diligence, please note that the purchase price is firm and will not be renegotiated based on any cosmetic or standard structural findings from the walkthrough. Purchase of Replacement Property Contingency & Closing Extension: This contract is strictly contingent upon the Seller successfully closing and funding on the purchase of their replacement home. To protect against standard construction or financing delays, the Seller retains an automatic right to extend the closing date of this transaction for up to fourteen (14) days if the closing on their new home is delayed. (Hoping to schedule closings simultaneously, but want to be prepared for any delays.) Seller Leaseback Addendum: Upon successful closing, the final agreement must include a short-term Seller Leaseback Addendum allowing the seller to remain in possession for up to 30 days to ensure a smooth moving transition. The agreement includes a $1,000 security deposit, a 10-day complimentary stay, and a $50/day rate starting on Day 11, with the absolute flexibility for the seller to vacate early and receive a prorated refund as soon as the new home is ready. (May or may not be needed, but want it in the contract just in case.) Once fixed up, this will be a great starter home or rental! Lots of potential! Here are the quick details on the property: Status: Owner-occupied (flexible closing/move-out timeline) Potential Value (ARV): $260,000-$280,000 based on local comps. AVG rental for a 3-bedroom is $2300. Known Repairs: The home needs some foundation leveling and has rotted subflooring in a few places. Approximate rehab of $20-40K. Condition: Selling 100% as-is. My Target Price: I am looking for a clean, cash offer of $170,000, with the buyer covering all closing costs and fees. We have minimal wiggle room, but if you can get close to this number, send me a message! 3 bedroom, 2 bath with a bonus room/office. Office is 7'9"x10'10" Living room is 33'x12'10" Dining room is 7'10"x16'7" Kitchen is 10'6"x12'10" Some foundation work was done in 2019 (have receipt). A year later, in 2020, we had a general contractor come in and replace all the subfloor and flooring throughout the house (Lifeproof Vinyl Planks). They also did a few sister joists and added some in where the space was further apart than it should be. The contractors never put moisture barrier down on the ground, and the subfloor started to rot, hence why there are pieces of plywood on the floor throughout the main areas. Also, the corner in one of the secondary rooms is lower than the rest. While they were laying down the subfloor, they were trying to "level" that room and ended up making it worse, so we know it will need some additional foundation work. All appliances will stay, except for the refrigerator. Tax and county records have the house listed as being a new build in 2012. To our understanding, it was brought down to the studs and rebuilt in 2012. The roof, HVAC, water heater, cabinets, windows, etc, were all new in 2012. All are still good. Well, the cabinets have some scratches from our dog we had when we first bought the house. We bought it in 2014 from out of state. As far as mold from the rotting subfloor, we are unaware of any. We did buy the mold test kits just to make sure, and they didn't show anything. There is a metal gazebo we put up a few years ago that will stay. It has lasted through many storms and we haven't even lost a roof panel on that yet, so it's very sturdy. Not permanently anchored to the ground, so it can be moved. I've added a picture of when we first put it up in 2022. The fabric sides will need replaced. but the frame and roof are solid. Currently cleaning out the home while packing, as well. Cute home in a quiet neighborhood with great neighbors. It just needs a little love that we aren't able to provide. AI pictures added to show what it could look like with a little bit of cosmetic work and cleaned up!