Passive Income Gem! Rental property with up to 2k in rent in Odessa, TX

Ector County, Odessa, TX, 79763
Sold
Listed at: September 19th, 2023
Price
$150,000
ARV
$225,000
Gross Margin
$75,000
Sq. Footage
2000
Type
Single-Family
Parking
Driveway
Year build
1959
Lot size
9000.00 sqft
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary

🏡 Welcome Home to Your Ideal Family Haven 🏡

Nestled in the heart of Odessa, this captivating single-family home presents an incredible opportunity for comfortable living in a prime location. With an estimated ARV of $225,000, this property is not just a house; it's a place to call home.

Property Highlights:

  • Bedrooms: 5
  • Bathrooms: 2
  • Total Sqft: 2,000
  • Year Built: 1959
  • Lot Size: 0.2 acres
  • Stories: 1
  • Foundation: Concrete Slab
  • HVAC Age: 3 years
  • Heat Source: Electric HVAC
  • Electrical: No known issues
  • Plumbing: No known issues
  • Water Heater: 4 years
  • Water Source: City
  • Waste / Sewage: City Sewer
  • Garage: Only Driveway
  • Appliances: Electric Powered
  • Flooring: Hardwood in Bedrooms

Investment Strategies:

This property offers various investment strategies to suit your goals. Whether you're looking for a turnkey rental property or a lucrative income stream, this home checks all the boxes. With rental rates of up to $2,000 and minimal rehab needed, you can start generating income right away.

Recent Property Updates:

  • Kitchen: Sink replaced 2 years ago
  • Bathrooms: Flooring upgraded to beautiful tile
  • Bathroom Fixtures: Shower and tub have been sanded and replaced

Location Benefits:

Your new home is not just a sanctuary but is also conveniently located near local hotspots and reputable schools. Explore the vibrant community and enjoy easy access to:

  • Schools: Respectable Ector County Independent School District.
  • Odessa College: A mere 5-minute drive away, making it convenient for students.
  • Parks: Floyd Gwin Park, San Jacinto Park, McKinney Park.
  • Dining: Church's Texas Chicken, Dickey's Barbeque Pit, Pho House, and many more!

Don't miss out on this incredible opportunity to make this house your forever home or a savvy investment. Contact us today to schedule a viewing and experience the charm of Odessa, TX 79763. 🏠

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