Investors and landlords! Don't miss this remarkable opportunity: a beautiful Midlothian home built in 1965, offering 3 spacious bedrooms, 1 bathroom on the main level, and an uninished bathroom in the basement. Rent as is for $2000 per month based on local comps. Enhancements to kitchen, bathrooms, paint, and floors will instantly add equity and higher rental income upwards of $2400/month! 

Financials

Rental rates in area: $2000/month

Starting Price: $172k

Buy Now Price: $175k

ARV: $265k

Gross Margin: $93k

Low ARV Price Range: $244k

High ARV Price Range: $275k (2 properties at this price!)

Property Information

3 bed/ 2 bath

1216 square footage

Built in 1965

Seize this incredible chance to acquire a charming home in Midlothian, constructed in 1965. This unit features 3 bedroom and 2 bathrooms. Currently, it can be rented out for $2000 per month, according to local rental rates. Simple upgrades to the finishes such as cabinets, countertops, and paint can immediately boost its value and rental rates into the $2400/month range.

Comps In Area Within Last 6 Months

15023 Tripp Avenue, 3/1 1070 sqft $275k CLOSED on 04/15/2024

14444 Tripp Ave, 3/2 832 sqft $244k CLOSED on 04/10/2024

14546 Keeler Ave, 3/1 1148 sqft $275k CLOSED on 03/14/2024

14415 Lawndale Ave, 3/1 1053 sqft Renting for $2000/month

We have a direct contract with the seller and a NOI has been recorded against the title for this property. Contacting the seller directly will result in a lawsuit. Our attorney is on notice.

Simply Sell RE LLC assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $10,000 Non-Refundable EMD needed to secure the contract.