Fix and Flip KS 67217 – FULL GUT! PRICE DROP

Description

🏡 Property Highlights:

Address: Harrell St, Wichita, KS 67217
Type: Single-Family
Year Built: 1940
Bedrooms: 3
Bathrooms: 1.5
Square Footage: 1,244 sqft
Lot Size: 0.82 Acres
Heating: Electric
Cooling: Not specified
Parking: Garage – Detached
Status: Vacant property ready to view upon contacting us directly.

💰 Financial Highlights:

Asking Price: $52,000
CCV: $86,000
Percent of CCV: 60%
Gross Margins: $32,000
ARV: $155,000
Percent of ARV: 33.5%
Gross Margins: $103,000
Rehab: TBD (End Buyer do your due diligence)
EMD: $5,000 Non-refundable

📍 Location Highlights: Wichita, the “Air Capital of the World,” is a thriving cultural and economic hub with over 390,000 residents. Immerse yourself in the vibrant community, rich history, and a promising future.

📊 Comp Highlights:

Flip Comp 1: 4622 S Vine Ave, Wichita, KS 67217

Purchased April 2023 for $79k
Sold Oct. 2023 for $175k
Price per sqft: $110
45% of ARV
Flipper: CHASE SHARP INVESTMENTS, LLC
6 months Hold
Wholetail Flip Comp 2: 4628 S Vine Ave, Wichita, KS 67217

Purchased: May 2022 for $78k
Sold Sept 2023 for $155k
Price per sqft: $159
50% of ARV
Flipper: SULLIVAN TRUST
16 months Hold
1 yr hold Flip Comp 3: 4557 S Walnut Ave, Wichita, KS 67217

Purchased: June 2022 for $100k
Sold: July 2023 for $155k
Price per sqft: $124
64.5% of ARV
13 months Hold
Novation Comp 4: 618 W Sunrise Dr, Wichita, KS 67217

Purchased May 2023 for $107k
Sold August 2023 for $140k
Price per sqft: $233
76% of Sold price
Novator: NEWCASTLE FUNDING LLC
3 months Hold
Current Novation Comp 5: 4459 S Seneca St, Wichita, KS 67217

Purchased Nov 2023 for $106k
Pending sale Feb 2024 for $165k
Price per sqft: $125
64% of Pending price
Novator: RKSON LLC
3 months Hold
Price per sqft Comparisons:
Conservative ARV: $110/sqft. = $137k (subject property)
Average ARV: $129/sqft. = $160k (subject property)