60 School St

NOT ELIGIBLE FOR FINANCING THROUGH OFFERMARKET CAPITAL

🏡 60 School St, Broadalbin, NY 12025 | Cosmetic Value-Add Opportunity

💰 List Price: $181,000
📈 Estimated ARV: $260,000
🛏️ 3 Beds | 1 Bath | 1,500 Sq Ft
📐 0.25 Acres
🏠 Single Family | Built 1951
💵 Estimated Rent: $2,000/month

🔨 SOLID PROPERTY WITH COSMETIC REHAB SCOPE

This 3-bedroom, 1-bath Broadalbin property offers an opportunity to acquire a solid home with several major components already updated or inspected. The primary value-add opportunity is cosmetic renovation, with an estimated ~$26,000 rehab budget based on contractor quotes following an in-person walkthrough.

🛠️ Renovation Scope
• Full bathroom update
• New flooring throughout
• Interior paint
• New kitchen countertops
• New kitchen appliances
• Kitchen cabinets already in good condition
• Full property cleanout needed

⭐ Major Components
• Roof approximately 15 years old with no known issues
• Vinyl siding
• Electrical recently updated/inspected with no issues reported
• Plumbing recently updated/inspected with no issues reported
• Full basement with no known foundation issues
• Forced-air furnace
• Driveway parking

💰 Investment Numbers
• Purchase price: $181,000
• Estimated rehab: ~$26,000
• Estimated ARV: $260,000
• Estimated rent: ~$2,000/month
• Projected monthly cash flow: ~$466/month
• Seller-provided cap rate: 3.8%
• Seller-provided cash-on-cash return: 8%

📈 Multiple Exit Strategies
• Fix & Flip: Complete the cosmetic renovation and target the estimated $260K ARV
• Buy & Hold: Renovate and position the property as a long-term rental
• BRRRR: Add value through the renovation and explore refinancing based on the improved value

📍 Broadalbin, NY
The property is located in the Broadalbin area of Fulton County and is being sold as the owner relocates out of state. The seller is motivated to move quickly.

💡 Investor Support
For out-of-state investors, the seller can provide contractor quotes and recommendations from crews who have already walked the property and contributed to the repair estimate.

⚠️ ARV and rental figures are estimates provided with the listing and should be independently verified by the buyer.