Fix and Flip Profit Potential:
- ARV (After Repair Value: $119,000
- Purchase Price: $20,000
- Repair Estimate: $59,000
- Closing and Carrying Costs (10%): $11,900
- Profit Potential: $28,100
Highlights:
- Close to downtown
- Off street parking
- Low entry price
Photos Link:
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/VcaYanFV7GiqaqAY8
Repair Estimate:
Total Estimated Repair Range: $59,000 – $75,000
https://docs.google.com/spreadsheets/d/1Y4OUtKYhbFnObEHKza0Rw47LrtAOOvlJfX3WihyCp7I/edit?usp=sharing
Property Details:
- Beds: 3
- Baths: 1
- Square Footage: 1464 SF
- Lot Size: .1 A
- Year Built: 1905
- Zoning: Residential
- Stories: 2
- Heat: Gas hot water. Age and condition unknown
- Electric: 100 amp. Age and condition unknown
- Plumbing: MIxed. Upgraded as needed
- Water: Public
- Sewer: Public
- Roof: Shingle. Age unknown. No Leaks
- Foundation: Stone
- Windows: Original Wood
- Water Heater: Electric Age Unknown
- Flooring: Mixed. Needs updated
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: It was damp at the time of viewing
Comparable Sales:
*these comps are all pulled from Zillow.com, we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
https://www.zillow.com/homedetails/205-E-Walnut-St-Clearfield-PA-16830/93610599_zpid/
3 bed, 2 bath, 1200 sqft,6098 sf lot, 4 blocks from subject property
Sold for $100,000 on 11/13/24,
PPSF (Price Per Square Foot): $83.33
https://www.zillow.com/homedetails/467-Wrigley-St-Clearfield-PA-16830/107375273_zpid/
4 bed, 1 bath, 1500 sqft,1.4 acre lot, .9 miles from subject property
Sold for $121,212 on 4/7/25,
PPSF (Price Per Square Foot): $80
ARV (After Repair Value) Estimate:
Average PPSF: $81.65
Subject Property Sqft: 1464
ARV Estimate: $119,535
Town Overview:
- Economic/Jobs:
Clearfield’s economy is driven by healthcare, manufacturing, retail, and public sector jobs, with many residents commuting to nearby areas for additional employment opportunities. - Education:
Clearfield is served by the Clearfield Area School District and is near the Clearfield campus of Lock Haven University. - Lifestyle & Amenities:
Clearfield offers a small-town lifestyle with a historic downtown, local restaurants, and riverfront parks. Residents enjoy community events like the Clearfield County Fair and access to outdoor recreation in the surrounding Pennsylvania Wilds. The area has a friendly, close-knit community atmosphere ideal for families and retirees. - Transport Links:
Clearfield is accessible via U.S. Route 322 and Interstate 80, with regional bus services and nearby airports in DuBois and State College.
For more details on Town’s attractions and local resources, visit:
- https://www.visitclearfieldcounty.org/
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- Team Line: 814-201-6172
- Email: jay@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures:
- ORAL CONSUMER NOTICE:
We are agents, but not YOUR agent until a representation agreement is signed. Real Estate Law requires us to provide a written notice describing various business relationships you may have with a real estate licensee. Information shared at this time is not confidential unless a business relationship is established. - HOLD HARMLESS ACKNOWLEDGEMENT:
All investment data is for informational purposes only. Real estate investment carries inherent risk. The Melito & Koch Team and associated entities are not liable for any reliance on the data provided. Always conduct your due diligence and consult financial/legal advisors. - DUE DILIGENCE:
This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.