535 Paul Ave

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Property Highlights

• Size: 1,160 sqft single-family home with 3 beds, 2 baths.

• Structure: Frame with brick veneer on slab foundation.

• Yard: Fenced backyard.

• Utilities: Municipal water, electric service.

• HOA Fees: None.

Condition This property is rent-ready with only light rehab needed to maximize value. Suggested updates include:

• Light landscaping for curb appeal.

• New carpet throughout.

• Reglaze pink tile in bathroom and replace master shower door.

• Minor trim updates.

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Key Systems

• Roof: ~10 years old (estimated).

• HVAC: 3 years old (verified).

• Electrical: 3 years old (verified).

• Plumbing: 3 years old (verified).

• Mechanical Systems: All newer and in good working order.

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Investment Highlights

• Asking Price: $98,500

• Repair Estimate: $17,000 (light rehab)

• ARV: $175,000

• Profit Spread: $59,500+ after repairs

• Exit Strategies: Retail flip or lease-purchase.

Comparable Sales (Comps)

• 1565 Mullanphy Rd – Sold for $181,000.

• 1235 Flicker Dr – Sold for $170,000.

• 1210 Flicker Dr – Sold for $167,000.

Additional Details

Occupancy: Vacant – lockbox on property (code available).

Closing: Flexible – currently set for 8/25/25, but seller is open to sooner.

Access: Vacant with lockbox.

Inspection Period Ends: 8/8/25.

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Resources:

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