An incredible Memorial location at this price point, with a $115K spread at $119,900 vs a $235K ARV. Memorial Park, Houston's most iconic park, is about 0.2 miles away. This 2 bed / 2.1 bath, 1,808 sf townhome sits in a gated Memorial community with a clubhouse. Built in 1968, remodeled in 2015, vacant, and just needs paint and appliances.
Two sales in the same townhome community back the ARV: 413 #413 closed at $295,000, and 409 #409 closed at $235,000. Next door in the mid-rise condo, 357 #312 is option pending at $215,000.
Rent of $2,500/mo is backed by leases at $2,500. An all-inclusive HOA of $992/mo covers insurance, exterior, utilities, cable and internet, so the owner's other costs stay low. Spring Branch ISD (Hunters Creek Elementary, Spring Branch Middle, Memorial High). FEMA Flood Zone X. First come, first serve.
FIRST COME FIRST SERVE
No Double Closing Fees! No Bidding!
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