🏡 2 Lots! Subto + Fixer Upper in Kaufman County 🏡

Kaufman County, Kemp, TX, 75143
Sold
Listed at: February 28th, 2024
Price
$63,000
ARV
$160,000
Gross Margin
$97,000
Sq. Footage
1032
Type
Single-Family
Parking
Driveway
Year build
1947
Lot size
0.63 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

 

Welcome to an investment opportunity that promises exceptional returns! This wholesale deal presents two lots, each with separate parcels, offering a multitude of possibilities for savvy investors.

Key Features

 

  • Two Parcels: Enjoy the advantage of owning two lots, providing the flexibility to sell individually for increased profit potential.
  • Updated Roof and AC: Benefit from recent replacements of the roof and air conditioning units within the last five years, minimizing immediate maintenance expenses.
  • Foundation Repair Required: While the property boasts solid structural fundamentals, it requires foundation repair to unlock its full potential.
  • Cosmetic Enhancement Opportunity: With cosmetic updates needed, there's ample room to increase the property's value through renovations.
  • Additional Lot: The second lot offers space for expansion or development, albeit requiring some dirt filling if separated, adding to its appeal and versatility.
  • Subject to Option: Buyer can purchase subject to a 4.125% interest rate or purchase cash.
  • PITI and Principal Balance: With a PITI of $676 per month and a principal balance of $56,000, this investment offers multiple strategies to fix/flip or owner finance.
  • Price: Priced aggressively at $75,000, this deal represents a lucrative opportunity for investors seeking high returns.

Don't miss out on this chance to capitalize on a property brimming with potential. Whether you're looking to renovate and resell or hold for long-term appreciation, this wholesale deal offers the ideal foundation for your investment success. Seize the opportunity today!

Videos

Bedroom

Inside

kitchen

walk-in

Front

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ben Jensen

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Disposition manager