1653 Sunny Dunes, Palm Springs, CA
Take a look at this great little value-add “shovel ready” flip in one of the best neighborhoods in Indian Wells. Plans fully approved and permits are ready to issue.
This home will receive a total of 1,000 new square feet, which will include a brand new garage and half a bath for a total of 2,518 square feet with 3 bedrooms and 2.5 baths.
We are once again working with our preferred developer, The Contracting Company, who has a high level of experience and specializes in these areas.
He is purchasing the property at a deep discount due to the fact the previous rehabber got himself into trouble with his construction crews and the investor stepped in to take the property back and needs to get out.
General Description of Work
Roof first story and secondary supportsystem, Removal of all large trees, demo for grade, Resurface front plate of building pad for access to street, Pour of concrete footings for second story, Construction framing build of newhouse, Installation of wood truss for house, Install new roof, Install new wood fencing, Install seamless rain gutters, Stucco applied – Lath & Plaster, Install new stone work in front of house – As per plans.
Remove weeds, Install and Test irrigation system, Plant drought tolerant plants in planters and add wood chips, Clean front and back yards and remove debris, Install draught tolerant landscape in front yard, Plant annuals in front yard, Re-sod front of home, Trim all trees, Add wood chips for surround back yard are near fence.
Paint all interior doors, Install new hard ware on the front entry way door, brushed nickel, Install new laminate floors on the first and second floors, Install master bath with tub with tiles shower, Install ceramic tile in kitchen, Install all new framing – Interior/Exterior – As per plans, Flat texture ceiling throughout, Install new vanities – As per plans, Install all interior door hardware to brush nickel, Prep and paint all rooms per color scheme, Install laminate floors in the living room, bedrooms, dining room, entry way, Install new fireplace with stone, Install new blown insulation in the attic, Install insulation in the crawl space, Add vapor barrier in the crawl space.
All new windows, new kitchen, bathrooms, flooring, etc. See detailed scope of work and bid attached.
Total projected timeline to complete and sell is 10-12 months. Construction will take about 6 months.
Here are the numbers.
ARV: $930,000 – Appraisal Has Been Ordered
Purchase Price: $430,000
Renovations: $180,000 + Contingency
Projected Profit: $175,450
Total JV Investment Amount: $200,000
(Minimum Investment Amount is $30,000)
Investors Share of the Profit: 50% of projected profit = $87,725!
Projected ROI is 44% in 10-12 months.
Hurry, this offering will not last long! Don’t miss out!