An excellent BRRRR opportunity. East 68th Street is in the Foxtown East neighborhood. It’s well-sized at 1089 square feet with 3 bedrooms and 2 baths. Renovation is virtually complete – just needs mechanicals installed – HVAC, HWH and A/C. A fourth bedroom is roughly framed out in the basement which could make this an inexpensive value-add and boost to the rent.
We estimate there is approximately $17,200 equity upon installation of the mechnicals. This should deliver healthy cash-on-cash returns following your cash-out refinance.