Off Market Opportunity in East Houston Property, PP: $55K ARV: $225K

Harris County, Houston, TX, 77029
Sold
Listed at: May 6th, 2024
Price
$55,000
ARV
$225,000
Gross Margin
$170,000
Sq. Footage
952
Type
Single-Family
Parking
Off street
Year build
1940
Lot size
0.12 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Sitting on a 5,000 SQFT lot in a smoking hot pocket loaded with new construction & renovated houses! 

This 952 SQFT, 2 bed/1 bath, home offers multiple exit strategies and will require some rehab throughout to reach its full flip/rental potential. 

This property is priced insanely under market value. Title is free & clear and ready to close!

Recent flip comps have captured upwards of $225K. Rentals in the area are catching $1,650+ for similar YB/SQFT. 

*Buyer will have to take on a problem tenant at this price. 

First Come, First Serve. No Bidding. Reach out today for additional details!

Comps:

  • 1202 Holland Ave - 3 beds/2 baths, 1,232 sqft, Sold for $240,000 on 03/15/24
  • 10238 Chadwick St - 3 beds/2 baths, 1,208 sqft, Sold for $222,000 on 02/09/24
  • 10426 Norvic St - 3 beds/2 baths, 1,150 sqft, Sold for $225,000 on 07/25/23 
  • 10202 Norvic St - 3 beds/2 baths, 1,128 sqft, Sold for $225,000 on 11/22/23 
  • 230 Mississippi St - 3 beds/2.5 baths, 1,208 sqft, Sold for $195,000 on 04/25/24 
  • 10622 Flaxman St - 3 beds/1 bath, 1,156 sqft, Sold for $195,000 on 03/21/24 
Notices and Disclosures 1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of the broker or its affiliates based on limited information and should be verified independently for accuracy. Broker and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided. 2. DO NOT ENTER PROPERTY WITHOUT BROKER OR AGENT: Broker and its affiliates do not give authority, either expressed or implied, to the recipient of this information to enter this property. A property inspection may be obtained by scheduling an inspection with an authorized broker or agent. 3. NON-REPRESENTATION: Broker and its affiliates do NOT represent the recipient of this information. 4. RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Amanda. G

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