Property Description:
Address: XXX X St NE, Madelia, MN 56062 (if interested, request full address. Serious inquiries only please)
Photos: dropbox.com/sh/0qrx2riugathlpm/AACwRn0mZW8zceZcAkFM6lYYa?dl=0
Comps:
$148,000 - 215 3rd Street SW, Madelia MN 56062
$172,000 - 621 1st Street SW, Madelia MN 56062
$170,000 - 416 Center Avenue S, Madelia MN 56062
Potential rehab cost could be $30k-$40k depending on what you decide to do, and how you go about getting it done. See below for Renovations and Comments section
Offer Process and Terms:
Please email your offer and or queries to Michel at pleaum@hotmail.com or affinityinvestments@outlook.com
ONLY cash offers
Highest and Best Offer. Minimum suggested offer is $70,000
Closing date must be on or before May 14, 2021
Buyer is required to provide a proof of funds letter, and at least $5,000 non-refundable down payment within 2 business days of offer acceptance or we will move on to the next best offer.
Suggested Renovations needed:
Needs new kitchen upstairs
Needs ~40% of walls (wood paneling) replaced with sheetrock
Paint throughout entire house except upper level bathroom
Lower level bathroom and laundry room combo. Could build a closet around laundry to create separation from bathroom. Bathroom needs complete remodeling, or based on comps just don't rehab second bathroom and instead clean it up.
There are a couple closets with small amount of mildew on the lower wall by floor so need to replace that sheetrock
There are two bedroom in lower level that can be used as bedrooms, and family room.
New carpet for the floors and laminate in kitchen and upper family room
Exterior: roof and siding in good condition except for a piece of siding in back of house, and a couple holes in garage siding. The space between roof and siding (overhang) needs to be scraped and painted on both the house and the garage
Other comments:
Upstairs bathroom is new except toilet - no work needed
Owner says furnace and AC work and are 10-15 years old
Water heater new in 2016. Roof on house and garage owner thinks around 10-15 years old. Good condition
1 car garage with no driveway to it. There is a paved driveway entrance from street, then just grass to the garage which is straight back from street behind house. Its a decent size small town and homes in this neighborhood were in good condition
Disclaimer: All information presented here is the opinion of the seller and wholesaler based on physical inspection and is not intended to be a guarantee of the renovations and repairs needed