🏡 Exceptional Investment Opportunity in Houston, TX 77016! 🏡

Harris County, Houston, TX, 77016
Sold
Listed at: September 29th, 2023
Price
$125,000
ARV
$210,000
Gross Margin
$85,000
Sq. Footage
1185
Type
Single-Family
Parking
Unassigned
Year build
1961
Lot size
6710.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Explore the potential of this 3-bedroom, 2-bathroom Single Family Home located in the dynamic city of Houston. Whether you're an investor looking for rental income or a savvy renovator seeking a fix and flip project, this property offers a range of exciting possibilities.

🛏️ Bedrooms: This property features 3 spacious bedrooms, providing ample space for comfortable living.

🛁 Bathrooms: Enjoy the convenience of 2 bathrooms, ideal for both residents and potential renters.

🏡 Living Space: With 1,185 square feet of living space, there's room to get creative with your renovation plans.

🌳 Lot Size: Situated on a generous 6,710 square foot lot, you have the flexibility to expand or enhance the property to maximize its value.

Updates Made:

  • Electrical system has been redone, ensuring modern safety standards.
  • One of the bathrooms has been replumbed.
  • New drywall has been installed, offering a fresh start for your renovations.

Updates Needed:

This property is currently in rough shape and requires a full rehab. Key areas that need attention include:

  • A new roof for protection and property value.
  • Addition of a laundry room.
  • Installation of a new AC system for comfort.
  • Needs a new electrical panel

Investment Opportunities:

  • Rental Potential: The local rental market supports rates of up to $1,500, making this property an attractive option for generating steady rental income.
  • Fix and Flip: The After Repair Value (ARV) for this property is estimated at $210,000, providing an excellent opportunity for a profitable fix and flip project. With the right renovations, you can unlock its full market potential.


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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