Home / Richard Ryerson / Joann Dr, Mulva...

Joann Dr, Mulvane, KS 67110

3 Beds / 1.5 Baths • 1,980 SqFt

Pending

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 1.5
Year Built 1970
Approx.SqFt. 1980
Lot size SqFt. 9150
Garage Attached Garage

Description

Smart Investment Opportunity: Joann Dr, Mulvane, KS 67110

Unlock the value with this solid 3-bedroom, 1.5-bathroom brick home in Mulvane, offering a substantial 1,980 sqft of living space on a 9,146 sqft lot. This property features a 2-car attached garage, a covered back deck, and a privacy-enhancing fenced backyard, located conveniently close to top-rated schools and inviting community parks.

Key Property Features:

Expandable Living Space: The huge unfinished basement is a blank slate, ready to be transformed into a 4-bedroom, 2-bath setup, increasing both functionality and market appeal.

Community Advantage: The proximity to esteemed schools and parks adds a desirable layer to the property’s location, enhancing its potential as a family home or a high-demand rental.

Solid Foundation: With its “good bones” and robust 1970 construction, this home requires minimal ongoing maintenance, allowing for more focus on enhancements that add value.

Investment Highlights:

Competitive Starting Bid: Starting at $130,000 with a clear pathway to an ARV of $215,000, reflecting an exceptional market opportunity.

Potential Rental Income: Set to generate around $1,200 per month, offering a robust return on investment.

Minimum EMD: $2,500

Annual Taxes: $2,380

This property is not just a house but an investment waiting to reward you. With its straightforward potential for enhancement and strong foundation for growth, 1216 Joann Dr stands out as a prudent choice for investors, ready to yield immediate benefits and long-term gains.

Estimated Spread

ARV $215,000
Price $130,000
Spread $85,000

Richard Ryerson

Phone (316) 218-7747

Email rich@friendlyhomebuyer.com

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