Cash Flowing Rental Laredo, TX 78040

Webb County, Laredo, TX, 78040
Sold
Listed at: August 22nd, 2023
Price
$55,000
ARV
$75,000
Gross Margin
$20,000
Sq. Footage
1408
Type
Single-Family
Parking
On street
Year build
1799
Lot size
0.04 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Property Details

  • Single Family home
  • 2 bed / 1 Bath / 1,168 Sqft / 0.044 Acre Lot / 1799 year build
  • Occupancy:
  • Tenant occupied
  • Month to Month verbal lease agreements
  • Rents:
  • $500 monthly
  • Tenants pay Utilities
  • Access: Available by appointment 48 hour notice preferred.
  • Parking: On-Street Parking
  • Closing: September 15th, Clear title verified.

Property Condition:

  • Foundation: Concrete Slab
  • Roof: Single Composite Age N/A, No Leaks. Old roof.
  • HVAC: Window Units, No Central Unit.
  • Electrical: N/A
  • Plumbing: N/A
  • Water Heater: Gas Powered Works well, Age N/A
  • Windows: Barred Windows, Original.
  • Interior: Stand-up showers.
  • Exterior: Wood Exterior.
  • Repairs Needed: N/A No updates have been done to the property in 10 years.

Property Management:

  • HOA/PM: No Hoa, No Property Management company.
  • Utilities: Electricity, Water & Trash.
  • Tenants pay their own utilities
  • Water: City water
  • Sewer: City Sewer
  • Photos: *Coming soon*
  • Selling Reason: Tired Landlord

Investment Strategies:

  • Add to Rental Portfolio with the major repair on the 3rd home
Luxe Home Offer, LLC does not claim to be the owner of this property. Luxe Home Offer, LLC does hold a current equitable interest in the subject property. Luxe Home Offer, LLC does not represent you as your real estate agent in any capacity of a transaction unless agreed upon by all parties in writing. All above stated information, including any projected after repair values and estimated repairs, are a matter of personal opinion. Always perform your own due diligence to verify and validate any numbers presented before signing a contract or assignment to purchase any property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Joseph Banks

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Disposition manager