Multiple exit strategies on this property OF or Buy and Hold in Humble

Harris County, Humble, TX, 77396
Sold
Listed at: May 25th, 2022
Price
$90,000
ARV
$145,000
Gross Margin
$55,000
Sq. Footage
1344
Type
Mobile Home
Parking
Assigned
Year build
2004
Lot size
5500.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Lots of potential in this double wide in the Humble area with easy access to 59, BW8. Properties in the area dont really go on the market, property owners stay. Rent potential for this property is $1200 as-is would just need some cleaning up. Property is not high end, probably needs flooring and neutral pain, power wash. Property would be great to sell via OF or Buy and Hold. With $3k-$7k in improvements this property could easily sell for $160k via OF depending on your scope of renovation and cost of labor and materials. Or Simple clean up and rent for $1200. Current tenant is on a month to month basis and pays $800, they are open to staying.

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

Gloria Gutierrez

No reviews

Disposition manager