514 S Evelyn Place NW Amazing fixer-upper for savvy investors located in the heart of GROVE PARK. Grove Park is one of the hottest locations for flipping houses or holding. You can maximize profit value by renovating the unfinished basement as a 2/2 and the upstairs as 4/2; therefore, the ARV value will range from $450k to the high $400s. The property is in good condition and only requires updates, resurfacing hardwood floors, and finishing the basement for a 2-bedroom in-law suite. Comps for 4-bedroom houses sold in the mid $400s. Renovations are estimated to cost $80, 000 in upgrades for the main level, along with a 2-bedroom in-law suite. Total profit gains are estimated at $75k to $110k after flipping. Fully renovated homes with in-law suites in the basement sell faster to retail buyers (like first-time home buyers) because it offsets the mortgage payments. Please do all your due diligence prior to going under contract. First-time home buyers can rent out the in-law suite unit and live in the main unit. Five-month owner financing is available for fix & flip investors! Schedule a showing today.