Ludlow St, Midland
Offer Date: FIRST COME FIRST SERVED
Closing Date: November 6th, 2025**THE BUYER AGREES TO PAY THE SELLERS LEGAL FEES UP TO $2,000**
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Renovate for Value: Refresh the interior to modern standards—fresh paint, flooring, and fixtures will deliver a strong ROI.
- Add Secondary Suite: Consider converting the basement into a legal secondary suite to significantly boost cash flow and resale value.
- Boost Curb Appeal: Address minor exterior repairs, upgrade stucco to modern siding, and improve landscaping for a fresh, inviting look.
Property Overview
Details
- Detached Bungalow
- Beds: 3
- 1-bedroom currently used as laundry room with washer/dryer hookups, but it can be easily converted back into a bedroom.
- Baths: 2
- 1 full above grade & 1 powder room in the basement
- Powder room currently inaccessible due to junk
- 1,061 sqft above ground & 1,061 sqft below grade
- Basement ceiling height is approximately 7′ throughout, & 6’5″ under bulkhead
- Separate basement entrance from the garage
- Attached 1 car garage
- Built in 1960
Mechanical & Systems
- Electrical: Breaker & copper wiring
- Furnace: rental, 10 years old as per seller
- No A/C
- Hot Water Tank: rental (to be assumed by buyer)
- Appliances included: fridge, stove, & dishwasher in AS IS condition
Roof & Exterior
- Roof is steel and in good condition. Replaced approximately 20 years ago
- Windows are dated
Lot & Location
- 70.58 ft x 100 ft lot
- Property taxes are approx. $2,971
- Zoning HC
Important Notes
- Minor lingering smoke odor from a previous occupant; easily eliminated with a fresh coat of paint—no extensive wall cleaning required
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or Duplex opportunity.
- Wholesale Price: $329,999 or Best Offer
- We believe that this property is worth $400,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $575,000 on the MLS.
- Purchase today for $70K BELOW MARKET VALUE
Comparable Analysis |
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| 116 Ninth Street sold for $440,000 just 10 days ago. It features a 2-bedroom, 1-bath layout on a 52 ft x 154 ft lot, with a footprint of approximately 700-1,100 sq ft (as per listing). This comparable has one fewer above-grade bedroom and 1 less bathroom relative to the subject property, and has a crawl space instead of a basement. This property also features a detached garage instead of an attached garage like the subject property. Although also dated, this home appears to be in better overall condition than the subject property. After making the necessary adjustments, we estimate the subject property would sell for approximately $400,000 in its current as-is condition on the MLS today |
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| 133 Seventh Street sold for $520,000 in September 2025. This property features a 2+2-bedroom, 3-bath layout and sits on a larger 50 ft x 199 ft lot, with a comparable footprint of approximately 700–1,000 sq ft (as per listing). It has one fewer above-grade bedroom but two additional basement bedrooms compared to the subject property, along with one extra bathroom, but has no garage. The home has been converted into a duplex with a fully finished basement and separate entrance, highlighting the strong value potential of a duplex configuration in Midland. While it appears well-maintained and includes some minor updates, it would require more extensive renovations to be considered a true ARV comparable. After making the appropriate adjustments, we estimate that upon completion of the recommended renovations, the subject property would sell for approximately $575,000 on the MLS. |
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| 754 Victoria Street sold for $610,000 just 7 days ago, after only 8 days on the market. This detached brick bungalow offers a 2+1-bedroom, 2-bathroom layout with a carport, compared to the subject property’s additional above-grade bedroom and garage. This comparable is situated on a smaller 55 ft x 100 ft lot with a footprint of approximately 700–1,100 sq ft. The home’s basement has been converted into a self-contained suite with its own entrance, demonstrating the strong value-add potential and higher ARV achievable by duplexing the subject property. After adjusting for the comparable’s nicer brick finish and upon completing a duplex conversion and the recommended renovations, we estimate the subject property would sell for approximately $575,000 on the MLS. |
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