Hello Investors:

It's not too pretty, but it's a heck of a deal.  I'd put a new roof on this house and spend about $5,000 - $7,000 on improvements to the kitchen and bath, then it will be worth a lot more.  It's small (612 sqft, 2 bedrooms, 1 bath) and a little ugly, but the numbers are undeniable.  

If you're interested in a rental unit, this house is right in the middle of Harrisonburg and right on the edge of James Madison University's campus (JMU), so it has fantastic potential for this use.  I agree with Rentometer.com, which estimates an average rental rate of $850 per month for this house, meaning you can potentially buy it at an incredible 13.6 cap rate!  Wow.

If you're interested in a fix-n-flip opportunity, the next cheapest single family house currently available in Harrisonburg is priced at $164,900.  You can buy our house today for $75,000, which is less than half that price.  The potential profit margins here are fantastic.

If you'd like more information about the house, or would like to see it, please call Paul Bush at 540-987-6040.

If you'd like to see more pictures of the good, the bad, and the ugly, click here:  Photos

Cash Buyers will be given preference, but we'll also consider somebody who needs to get a bank loan.

Regards,

Paul Bush

540-987-6040