Investment Opportunity: 12611 Builders Rd.

I came across an investment opportunity this week while searching through bank owned properties on the MLS. 12611 Builders Rd in Herndon, VA was last sold in on 12/29/2005 for $510,000 and is now on the market for $375,000. After running a comparables analysis and factoring in seller subsidies, I determined a fair market value estimate to be $437,000. The property needs a lot of work, but this could be a good deal.

Herndon

Herndon 2

Take a look at the listing along with the other comparable sales found in the links below:

Listing

Comparables

This weekend, on Saturday at 1:45PM, I am hosting a Meetup group to tour this property. You are more than welcome to join. Please RSVP by clicking on this link!