$38,000 · OLDEN, TX 76466
Works for flippers

Available

$38,000Asking price

3 bd · 1 ba · 2,796 sq ft · built 1945

OLDEN, TX 76466

No contract on file

via InvestorLift Classic

Listed Aug 19

Works for flippers

The Numbers

Sells for (ARV)From the listing: $165,000
Asking price: −$38,000
RepairsMiddle of the seller’s $3,000 – $5,000. Ours: $71,500 – $128,500: −$4,000
Loan, holding, closing20% down, 12% interest, 2 points, 62 days: −$7,318
Profit70.1% of ARV · flippers want 10%+: $115,682
Works

Works for a flipper up to $131,000.

EZ OFFER

Jonathan Charles

No reviews yet

Comps

ARV $165,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $131,000.

The sales behind this value are shown to members.

ARV $165,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

EZ OFFER

Jonathan Charles

No reviews yet

Seller Description

This property sits on 3 lots and includes a 3-bedroom, 1-bath home plus a church building, offering plenty of potential for an investor looking for a unique project.

Property Highlights

3 Lots
3 Bedroom / 1 Bathroom Home
Church building on the property
City Water & City Sewer
Third room addition
Carport added to the property
Wood flooring in good condition
Metal roof on the side property

Condition & Value-Add Potential

The bathroom has already had demolition work started, providing a head start for renovation. The property has also been expanded with an additional room and carport.

With 3 lots, multiple structures, city utilities, and existing improvements, this property offers several possibilities for an investor, rehabber, or cash buyer looking to add value.