$450,000 · HENRIETTA, TX 76365
Flippers would lose money

Available

$450,000Asking price

22,561 sq ft · built 1975

HENRIETTA, TX 76365

No contract on file

via InvestorLift Classic

Listed Oct 20

Flippers would lose money

The Numbers

Sells for (ARV)From the listing: $900,000
Asking price: −$450,000
RepairsMiddle of the seller’s $200,000 – $800,000. Ours: $486,000 – $875,000: −$500,000
Loan, holding, closing20% down, 12% interest, 2 points, 260 days: −$78,473
Profit−14.3% of ARV · flippers want 10%+: −$128,473
Loses money

Works for a flipper at $253,000 or less.

SILVER RIDGE PROPERTY BUYERS LLC

Ayden Guerrra

No reviews yet

Comps

ARV $900,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $591,000.

The sales behind this value are shown to members.

ARV $900,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SILVER RIDGE PROPERTY BUYERS LLC

Ayden Guerrra

No reviews yet

Seller Description

Great Opportunity, former operating Pioneer Manor Nursing Home.

This 21,006-square-foot former nursing home sits on 2.99 acres and was previously operated as a 90-bed facility. Its existing layout includes long corridors, numerous rooms, communal areas, and a large kitchen and dining area. The building is currently being used for residential purposes and storage, and features fire-deterrent doors.

The property offers investors a substantial footprint to evaluate for repositioning or redevelopment, subject to zoning, approvals, and buyer due diligence. Potential uses may include a church, offices, health center, or craft mall.

ANYONE EVEN REMOTELY INTERESTED IN THIS DEAL, REACH OUT AND LET'S MAKE A DEAL HAPPEN! 281-750-6614

Approximately 21,006 SF of building area
2.99-acre site
Former 90-bed nursing home, 54 Units
Large existing building footprint with room, corridor, kitchen, and dining areas
Potential for adaptive reuse or redevelopment,

A similar property at 213 Scott Avenue in Wichita Falls is listed at $540,000. An operating property in better condition at 3916 US Hwy 287 N in Henrietta is listed at $895,000. A target price around $450,000 would position this property below both asking prices, at approximately $21.42 per square foot. These are asking prices, not closed sales.