With repairs and cosmetic upgrades, this assignment of equitable interest provides investors with a fantastic prospect for a Quick Flip or Rental property!

Asking: $120,000

ARV: $250,000

Est. Repairs: $40,000

🔒$5k non-refundable EMD required

👍 COE Per contract on or before 8/30

Majors

🏠Roof: Needs repaired

🌟HVAC: Needs replaced

🏢 Foundation: Minor issues

💧Plumbing: No known issues

🔌Electrical: No known issues

🛠️Repair: Cosmetics

Garage converted into a bedroom (4/1 with the garage conversion) 

Location

Williams Elementary School

Grades: K-5 Distance: 0.5 mi

Sam Houston Middle School

Grades: 6-8 Distance: 0.7 mi

Garland High School

Grades: 9-12 Distance: 1.3 mi

Comps

1365 Elmhurst Drive, Garland, Texas 75041

| 2BD  1BA | 910 SQFT | Built 1952 |

Sold: $225K on 4/5/24 ($247/sqft) - 18 DOM

1345 Elmhurst Drive, Garland, Texas 75041

| 2BD 1BA | 908 SQFT | Built 1953 |

Sold: $250K on 2/26/24 ($270/sqft) - 15 DOM

Median rental rates in area $1600 - $1900

9/3 Auction Date

Occupied with a 2 week leaseback from COE with a  $5,000 Hold back and a $250 per day Holdover.

ACCESS AVAILABLE By Appointment:

Text or Call Armando 619-723-1237

Disclaimer: Selling equitable interest only. Buyer paid closing costs. This assignment grants only an equitable interest to the buyer to acquire property. I do not claim to have legal title of the property. I do not claim to be a licensed real estate agent or broker therefore am not providing representation of buyer(s)/assignee(s). All information and values presented are estimates, buyer is responsible for their own due diligence.