540 Elsberry Ave, Dallas, TX 75217

Description:

2 Properties side-by-side (next to 550 Elsberry), each sitting on 0.33 acres (double lot).

The lot measures 102' x 143' @ 14,475 SqFt (per tax)

This is the largest house in the area by a good amount.

LAND PLAY: There is a HUGE opportunity for the savvy investor willing to go through a re-plat to split each of these 0.33 acre lots into TWO 0.16 acre lots (standard size single lot in this area).

Repairs:

There are 2 options with these 2 houses:

1. Repair the existing house ~ est $125,000 in repairs, needs just about everything (The roof is new but that's about it)

2. Demo the house and build new

Value:

522 Helena St (1,888 SqFt) is listed for $286,000

622 Elkhart Ave (1,370 SqFt) sold for $265,000

6120 Misty Wood Dr (1,054 SqFt) sold for $255,000

718 Helena St (967 SqFt) sold for $255,000

New Construction:

The average new construction home in this area was $1,584 SqFt and sold for an average of $308,000

There are 5 new construction homes sold within 0.25 miles in the past 6 months that average $315,000 sale price.

Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $5,000 deposit will be required unless other arrangements are agreed.

Contact us today for showing instructions.