409 North McLellan Street

Bay City MI 48708

1395 sq. ft.

0.11 ac.

Single-Family

Currently for sale - view listing

Overview

Top investment opportunity and flip potential! Good area and schools. Sold in as-is condition, good bones, with original wood trim and hardwood flooring throughout. Similar refurbished homes resell for $130-$140K according to comps. Needs: 1. Roof replacement (metal roof quoted at 19k, May 2022) 2. Cleanout (DIY $0 6-8hrs +$500 dumpster or $0 weekly trash; OR professional at est. $3000) 3. Plaster Repair (DIY with patching drywall and skim coating seams $0; local handyman est. $1k) 4. Hardwood floors refinishing throughout (DIY Rent a Floor Sander and Sand paper $300; OR, $4185 professional 2021 est. $3/Sf) 6. Paint (DIY Tape windows and wood trim 6-8hrs; buy good paint sprayer and spray 8hrs +$400 supplies; or hire a professional est. $3k) 7. Vinyl siding $2k So save a ton where you can DIY, or for everything hired out, brand spanking new, with a 50 yr warranty metal roof, or for +/-$40k.( Less for asphalt roof). That puts asking plus renovations just shy of half of what comps warrant, while restoring a superior classic Dutch Colonial to like-new, with original lumber and trim work that would cost way to much to install an inferiorly made new-built equivalent. Use semigloss white in whole house for a clean modern look, blending modernist and classical design elements, or the latest colors trending and your best creative taste [mint grays; earthtones, etc.] .Recommend rather than repairing upstairs bedroom ceilings, to convert into vaulted ceilings with recessed LED lighting and a skylight for each bedroom for an elegant and modern feel to the home, not much extra to do but huge aesthetic returns. This house can be thoroughly tricked out for a heart that cares, if it's to be your own, or for maximal resale value in a rapidly growing market; an excellent opportunity for any investor nationwide, or even world wide. All estimates and necessary work provided are to the best of owner's knowledge, belief and ability. Buyer to verify prior to sale.

Features

3 bedrooms

1 bathroom

1395 sq. ft. floor area

0.11 ac. lot size

Single-Family

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