🏠 This home sits on an oversized lot for the area offering abundant potential and possibilities. Priced at below lot value this property needs heavy updating. There is new construction throughout this area. Check details below along with the photos and walk -through video of exterior.

Call or Text Eric Land NOW: 832-536-5833

🏡Property Details:
2 Bed / 1 Baths
793 home Sqft
1944 year build
8,125 Sqft lot
HVAC: None
Electrical: Needs all new Electrical
Plumbing: Needs all new plumbing
Foundation: Needs  repair in Bad shape..
Roof: Needs replacement

 Key Highlights:

  📍 Strategically Located: Situated in a prime area of Pasadena where many of the other houses have already been remodeled. Property is close to major freeways, local amenities, and schools. 

  🏠 Exceptional Deal: Fixer Upper or Teardown! Many possibilities with this property! Local rent rates exceeding $1,300 +, while new builds in the area going for $350K (most are on smaller lots) this highlights the significant upside of the property.

This is being sold below lot value. You can demo the house to build a new construction home, or you can invest to potentially remodel the home.  House was previously condemned by City of Pasadena, but they have given clearance to rehab the house if desired.

  🛠️ Estimated ARV: Anticipate an attractive After Repair Value (ARV) between $165,000 to $175,000, positioning you for outstanding returns on your investment.

🛠️ EST Repairs: $55,000 - $66,000

Buyer Guidelines for Purchasing:
-$5K EMD - non-negotiable.

-Buyer pays all closing costs.

-Transaction Coordination Fee Not to Exceed $650.

-No option period will be granted

-Up-to-date Proof Of funds required

-If showing appointments are available, highest and best offers taken after final showing appointment.

-Agents / Wholesalers will need to add their fees to your offer

Disclaimer: 

Buyers do their own due diligence -Seller of this property either owns or has equitable contractual interest in the properties marketed -We do not authorize any other person to company to market this contract without our consent - Seller has exclusively relied upon the information listed within the MLS, County Assessor’s office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. -Buyer acknowledges and accepts that seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. -Buyer expressly acknowledges that it is purchasing the property in "as is, where is" condition. The information is provided as a courtesy - RISK OF LOSS: Investing in real estate is risky and investors should consider the potential for loss before investing in this property.