πŸ’° Exceptional Rental Rates πŸ› οΈ Fixer Upper Duplex - Texas City, 77590

Texas City, TX, 77590 view full address
For Sale
Listed at: October 8th, 2024
Price
$119,900
ARV
$300,000
Gross Margin
$180,100
Sq. Footage
2000
Type
Multifamily
Parking
Attached Garage
Year build
1968
Lot size
0.07 acres
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
Summary

🏑This duplex has a 3 bedrooms 1 bath on each side with 1,000 sqft of living space and the opportunity to convert the garage into a 3rd unit possibly a 2/1 (around 880 sqft) to add extra income. This property needs heavy updating. Check details below along with the photos and walk -through video of exterior.

Call or Text NOW: 

 FERNANDO HERNANDEZ 316-847-3957

🏠 Property Details:
6 Bed / 2 Baths
2,000 main area Sqft / 880 garage sqft
1968 year build
3,000 Sqft lot
HVAC: Not functioning
Electrical: Not functioning (3 meters, one for each unit and garage)
Plumbing: Galvanized / Not Functioning (2 meters, one for each main unit)
Foundation: Needs foundation repair
Roof: Resurfaced about 8 years ago

 Key Highlights

πŸ“ Strategically Located: Section 8 prime location in

🏑 Exceptional Deal: Many possibilities with this property! Local rent rates exceeding $1,200 + for 3/1's and $800 + for 2/1's, while Section 8 2024 Voucher is paying $1,792 for a 3 bedroom and $1,357 for a 2 bedroom. This highlights the significant upside of the property. 

πŸ’° Estimated ARV: Anticipate an After Repair Value (ARV) between $250,000 to $300,000.

πŸ› οΈ EST Repairs: $120,000 - $150,000

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 Assessors 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.

Videos

Exterior walk through

Interior walk through

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

Eric Land

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