Selling the equitable rights to this Manufactured Home located in Magnolia, Texas 77355, with easy access to major highways. Property will need full rehab, however has great potential for a cash flowing rental property. Property will need full rehab, however has great bones to be a fixer upper or a buy and hold below the 1% rule.

Double Wide 3 Beds/ 2 Baths

1,920 sqft / 12,217 sqft lot

Built in 2000

No Survey

HOA Annually

Never been flooded

ARV: $210,000

AS IS ARV (Bad): $120,000

Rent ARV: $1,600

Asking: $89,000

Average DOM 30

Property is vacant, walkthroughs are available with previous appointment. Walkthrough video available

https://www.youtube.com/watch?v=nnoXmoIUVt0

COMPS

16207 Oaklane Trail (Renovated)

3 beds 2 baths with 1568 sqft Built in 2002 

Lot: 11,425 sqft

Listing Price: $209,900

Sold Price: $210,000 PPSQFT: $133.93

Sold Date: 04/05/2023 DOM 45

31402 Ashlyn Timbers Court (AS IS)

3 beds 2 baths with 1179 sqft built in 2003

Listing Price: $130,000

Sold Price: $138,000 PPSQFT: $117.05

Sold Date: 05/19/2023 DOM 16

16223 Chad Court (AS IS, Bad Shape)

 4 Beds 2 Baths with 2,432 sqft 

Lot: 19,900 sqft

Sale Price: $121,000 / PPSQFT: $49.75

Sold Date: 02/24/2023 DOM: 13

https://www.har.com/homedetail/16223-chad-ct-magnolia-tx-77355/7737836

Rent

31318 Wide Oak Circle

3 beds /2 Baths with 1,512 sqft built 2003

Rented $1,200 at $0.79

Rented Date: 12/19/22

16407 Timberline Trl 

3 Beds /2 Baths with 1,800 sqft built 2000

Rented $1,600 at $0.89

Rented Date: 01/01/23

We are requiring any interested Buyers to:

- Provide proof of funds

- Provide a $5,000 non-refundable deposit.

- Pay the standard closing cost, including title fees.

- Please do your own due diligence, no option period.  

- If a new Survey is needed, it will be at the expense of the buyer.