Double Rental Income Opportunity in Lampasas

Lampasas County, Lampasas, TX, 76550
Sold
Listed at: May 20th, 2022
Price
$155,000
ARV
$355,000
Gross Margin
$200,000
Sq. Footage
2232
Type
Single-Family
Parking
Assigned
Year build
1955
Lot size
0.44 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Double rental income opportunity located in Lampasas! The single-family home and guest house are separately metered. You can buy and hold or fix n' flip for an ARV of $355k+.


Property Details:


Main House:

  • 3 bedroom, 2 bathroom
  • 2232 sqft
  • Vacant


Guest House:

  • 1 bedroom, 1 bathroom
  • 450 sqft
  • Will be vacant upon closing


Exit Strategies:

  • Buy and Hold
  • Fix N' Flip


Repairs:

  • Estimated $85k in renovations needed
  • Foundation: needs inspection
  • Roof: needs inspection
  • Windows: needs inspection
  • HVAC: needs inspection
  • Kitchen: needs remodel
  • Bathroom: needs remodel
  • Floors: needs remodel
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Tyler Smith

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