752 5th St, Lafayette, OR 97127 Available

👑 SUBTO 3.25% WITH HUGE EQUITY! FLIP AND SAVE ON HOLDING COST OR REMODEL AND KEEP AS LONG TERM RENTAL 👑

752 5th St, Lafayette, OR 97127

Sales price: $310,000

Downpayment $114,325.52 approx includes loan reinstatement paying off $7,200 of deferment (not a required payoff but recommended) and lien to city

Loan balance 1st: $194,000 (this subto loan); 1st payment: $1,317
Principal pay down monthly: $350/month
3.25% interest

Remodel Budget: $70,000 (lvp + trim throughout, 2 bath remodels, kitchen refresh, exterior paint, interior paint, landscaping, garage clean up, demo and paint, the doors and trim, appliances)

ARV $460,000

EQUITY AFTER PROJECT: $80,000

Public walkthrough: 3/12/25 at 10 AM and 3/14/25 at 2 PM

Do not show up late!

Comp:

896 8th St, Lafayette, OR 97127

925 N Grant St, Lafayette, OR 97127

833 14th St, Lafayette, OR 97127

The main difference in comps vs this property is the “breezeway” which is basically a 3rd garage space/bonus space. Finish for 2nd living room or make more like a 3rd car garage. This square footage is not included in sq, but is roughly 180.

Closing date: 3/31/2025 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.

Please contact us via DM or call if you have any other questions (503) 404-4532.

Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.