Cosmetic Flip or Wholetail with $90K of Equity

Harris County, Houston, TX, 77041
Sold
Listed at: December 18th, 2022
Price
$310,000
ARV
$400,000
Gross Margin
$90,000
Sq. Footage
2979
Type
Single-Family
Parking
Detached Garage
Year build
1996
Lot size
0.22 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

5802 Pheasant Ridge Ln, Houston, TX 77041


This 4 bedroom / 3.5 bathroom single family home is primely located in Eldridge Park. This is perfect opportunity for a flipper to make $40,000+ NET with just light cosmetic work.


Additional details:

  • 4 bedrooms / 3.5 bathrooms
  • SQFT: 2,979
  • Year Built: 1996
  • Lot Size: 9,539 Sqft
  • Vacant at close (Jan 26th)
  • Not in a Flood Zone
  • May need a roof replacement or shingles fixed

Estimated Flip Profit:

$400,000 sales price

-$25,000 in updates / roof repair

-$25,000 in closing costs and agent commissions

-$310,000 purchase price

= $40,000 profit


🤑 Exit Strategies! 

🏡 Fix and Flip - Mainly cosmetics! Please note this will require nice finishes to achieve the desired ARV.

🏡 Buy and Live in - Walk into the property with solid equity out of the gate! Repair as you go!


Property is occupied until closing. Accessible by appointment only. No viewings without written consent. Do NOT show up to the property unannounced.

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
Contact

Carlos Monroy

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