xxx Garfield Ave, Taft, CA 93268

The property has a large, partially finished basement (with dual access from inside and outside), that could be easily turned into 2 additional bedrooms and an additional bathroom (which is already partially there). The basement is roughly the same size as the main floor and could double the square footage beyond doubling the rooms, where 2,000+ sq foot properties go for a premium in the area. It is located on top of a hill that provides some really pretty views of Taft and the San Joaquin Valley, and has access to both sides of the street (no rear neighbors), and multiple access points into the property. You could also do a lighter rehab and leave it as a 2 bed /1.5 bath and it’d still make sense. It appraised last summer as-is at $195K. 

2 bedrooms / 1.5 bathroom / 1,320 sq ft

With basement conversion 4 bedrooms / 3 bathrooms / 2,250+ sq ft

Asking: $165K

Estimated Repairs: $40K

After Repair Value: $250K+ as a 4B/3B – 2,250+ sq ft.

Comps (Closest Comps by Sq Ft and B/R):

Pictures:

Contingencies: 

  • Mrs. Property Solutions is the contract holder for this property and will be assigning our rights to the new buyer.
  • Address provided upon request
  • Buyer to pay both sides of the closing costs.
  • 30 day close
  • EMD $5,000
  • Please email to set a showing at deals@offmarketinvesting.com or call 310-905-5204

Don’t hesitate to reach out with any questions! Have a blessed day.