Oregon Real Estate Investors Association


1845 Main St SE, Albany, OR 97322

Property Status: Sold (Wholesale) | Sold: $150,000.00

3 Bedrooms / 1 Baths / Single Family

** HOT OFF MARKET ** Rehab House & Lot Albany | Price: $150k | Rehab: $73k | ARV: $320k Total, $250k House $70k Lot

Property Status:
This Property is currently...
  • Status: Sold (Wholesale)
  • Sold: $150,000.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
Year Built:
Finished Sq Ft:
1 Car Attached
No Basement
Owner / Agent:
Property Features:
Fenced Yard
Contact Info
Text me at 503-877-3182 SALE PRICE: $150,000 REPAIRS: $73,000 HOUSE ARV: $250k + Lot $70k = $320k BEDS: 3 BATH: 1 SqFt: 1312 Year Built: 1948 Lot Sqft: 10,454 or 0.24 Acres IMPORTANT DATES: Walk Through: Mon July 1st 2pm-3pm Offers Due: Tue July 2nd by 5:00pm Closing Date: Wed July 10th by 5:00pm (Could be pushed out) Photos: https://drive.google.com/drive/folders/1ZZ8caoQbYs2vtG2QhBv5zUEfU244V9jf Docs https://drive.google.com/drive/folders/1K7pIW-coaET-VP-JV9W_z3w5PBt4uh6H Comps https://wvmls.paragonrels.com/publink/default.aspx?GUID=4f66d11c-a7cf-4b36-a8fd-1319146872bc&Report=Yes&utm_source=Jesse+McDougal&utm_campaign=bc01740e19-EMAIL_CAMPAIGN_2019_06_25_10_08&utm_medium=email&utm_term=0_a2848a57a8-bc01740e19- Projected Financials https://drive.google.com/drive/folders/1MX8mjnquHqpywa0giGAhe9O7ZG0TxfyF Currently: 3 bed, 1 bath, 1312 SF, Single Level, Carport only (ARV Includes adding a 2nd bath) Option 1: Flip & Partition Option Rehab Current Home at 1845 Main St. Demo/Remove existing shed in backyard, carport & back patio cover Partition Lot into 2, leaving existing home on 3500-3600 SF lot. Buildable SFR/Duplex Flag Lot to be created, appx. 6800-6900 SF lot. Sell or Rent Out Remodeled home at 1845 Main St. Build out or sell newly created SFR/Duplex lot. Option 2: New Construction & Partition Option Demo Existing House at 1845 Main St. Partition existing property into (2) buildable SFR/Duplex lots, appx 5,200 SF each. Build Out or Sell Lots Flip Potential: Estimated cost breakdown considering a full gut of this home and addition of a full bathroom. The home has a laundry room that is an ideal area to add a full or half bath. Development/Building Potential: City of Albany confirmed that the lot is zoned RM. It is able to be partitioned into 2 buildable lots: SFR (3500 SF min) or Duplex (4800 SF min). The photos of the Green Home are of the subject property. The new construction photos are of the neighboring properties. The neighboring property had an existing home that was renovated, and 2 lots partitioned off. 2 new homes are currently under construction. The home would need to be demolished and site cleared if you wanted to divide into two lots. Bid came in for full demolition and site/lot prep from Turnkey Excavating for around $10K, they have visited the property. ** Buyer to do due diligence **

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Oregon Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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