💰 Light Rehab in Prime Fort Worth | $200k Spread | 3/1 SFH

Tarrant County, Fort Worth, TX, 76107 view full address
Expired
Listed at: November 18th, 2024
Price
$232,000
ARV
$430,000
Gross Margin
$198,000
Sq. Footage
1342
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
6486.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

CALL SAM TODAY AT 210-361-4947! 

Address: 4409 Calmont Ave, Fort Worth, TX 76107

Single Family Home - 3 beds 1 bath

Property is Occupied. Contact the Dispo Manager for access. 

Deal Takeaways:

30-Day Seller Lease Back with Holdback Assurance: The seller will remain in the property for 30 days post-closing, with a $5,000 holdback secured by the title company to ensure smooth and timely vacancy. The holdback will only be released once the property is confirmed vacant.

Prime Location: Located in a highly desirable and well-established neighborhood, this property promises strong appreciation potential. It's an ideal investment for those targeting stable, high-demand areas.

High-Value Comps: Several properties in the area have recently sold for $500,000 and above, showcasing robust market activity. This supports a favorable exit strategy, whether for a quick flip or long-term hold.

Excellent Accessibility: Just minutes from Highway 30, this property offers convenient access to major routes, making it highly attractive for future tenants or buyers who prioritize commute efficiency.

Repairs & Renovation Potential: The property requires foundation leveling and general cosmetic renovations. This provides a fantastic opportunity for value-add investors to increase equity and maximize profit potential. The needed improvements are ideal for those experienced in cost-effective rehabs to bring the property to its full market value.

Comps: 

  • 4312 Calmont Ave - sold for $375,000
  • 4316 Calmont Ave - sold for $369,000
  • 4132 Pershing Ave - sold for $515,000
  • 4129 El Campo Ave - sold for $530,000
  • 3931 Birchman Ave - sold for $445,000

Financials:

ARV: $430,000

Purchase Price: $232,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $430,000

(*) 94% for sale commissions

(-) $232,000 purchase price

(-) $40,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $127,200 profit

Property Details:

1,342 Home Square Feet

6,486  SQFT Lot Size

Closing 12/3/2024

CALL SAM TODAY AT 210-361-4947! 

Padua Partners Acquisitions 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. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
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