Photos Link
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/Je7zDLkjqw9f1XmY6
Fix and Flip Profit Potential
- ARV (After Repair Value): $125,000
- Purchase Price: $50,000
- Repair Estimate: $40,000
- Closing and Carrying Costs (10%) $12,500
- Profit Potential: $22,500
Highlights
- Low entry price
- Close to downton
- Detached garage
Repair Estimate
Total Estimated Repair Range: $35,000 to $45,000
https://docs.google.com/spreadsheets/d/10m2tUt5tDHS0N9q9FJ1vh2INsEzEj5SvW2iQj941inE/edit?gid=0#gid=0
Property Details
- Beds: 3
- Baths: 1
- Square Footage: 929 SF
- Lot Size: .15
- Year Built: 1900
- Zoning: Residential
- Stories: 2
- Heat: Oil hot water, 1987, furnace condition unknown, radiators froze and leak
- Electric: 100 amp 1987
- Plumbing: Mixed and upgraded as needed
- Water/Sewer: public
- Roof: Shingle. 2015, No leaks
- Foundation: Block
- Windows: Modern 2015
- Water Heater: Electric. age and condition unknown
- Garage: Detached 1 car
- Features: Double lot
- Flooring: Mixed. Needs upgraded
- Flood Zone: No
- Mold Noted: No
- Water Damage No
- Water in Basement: Water gets in the basement when it rains heavily. There is a sump pump.
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:
1003 Linden St, Clearfield, PA 16830
3 bed, 1 bath, 1456 sqft, 6098 acre lot, Less than 1 miles from subject property
Sold for $135,000 on 9/25/24,
PPSF (Price Per Square Foot): $92.70
_______________
205 E Walnut St, Clearfield, PA 16830
3 bed, 1.5 bath, 1200 sqft, 6098 acre lot, .3 miles from subject property
Sold for $100,000 on 11/13/24 ,
PPSF (Price Per Square Foot): $83.33
https://www.zillow.com/homedetails/509-Sheridan-Dr-Clearfield-PA-16830/78591681_zpid/
3 bed, 1 bath, 1152 sqft, 8276 acre lot, .5 miles from subject property
Sold for $110,000 on 5/17/24 ,
PPSF (Price Per Square Foot): $95.49
Town Overview
Clearfield, PA, is a historic town in Clearfield County, located along the West Branch of the Susquehanna River. Once known for coal mining and lumber, it now offers outdoor recreation, local history, and a tight-knit community.
- Economic/Jobs: As of 2024, Clearfield has an employment rate of about 60%, with key sectors including healthcare, manufacturing, and retail. Healthcare, led by Clearfield Hospital, is a significant employer, while retail benefits from the town’s role as the county seat.
- Education: Clearfield Area School District serves the town, with Clearfield Area High School and several elementary schools. Nearby Penn State DuBois offers higher education options.
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Launce Soult Direct Line: 814-559-2989
- 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.
