ARV of $250,000. This property is in a fantastic LOCATION for a flip or BRRRR in NE San Antonio. This area has seen a lot of price and rent appreciation over the last few years. This house comes with a lifetime standing seam roof (metal tin) and a huge lot at the end of a cul-de-sac. This can be done as a cosmetic flip or clean up + rental for a buy-and-hold. Given the location, this will be an easy property to rent and capture appreciation.
For a rental, the property could use some light cosmetic work particularly to the bathrooms. There is a slight foundation tilt towards the back of the house, but we have a bid for $7,000 repair from Trinity Foundation (see attached bid). The asking price already accounts for this cost.
Market rents are $1,700/mo+ (see attached CMA).
Don't wait. This definitely won't last long.
Fast Facts:
- Roof: Metal Tin (40-70 Year Lifespan)
- HVAC: Condenser + Extra Window Units
- Foundation: $7k Estimate Repair
- Kitchen: Functioning
- Bathrooms: Functioning
- Flooring: Tile
- Occupancy: Vacant
- Garage: 2 Car Garage
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