Occupancy
Home is vacant and ready to be shown. Please contact offers@texashouseflipper.com for more details.
Transaction
This is an assignment transaction. We have the house under contract (we have an equitable interest in the property), and we are assigning it to a 3rd party.
Property
3/2 but garage has a wall behind the garage door and has been converted to a bedroom making it s 4/2. Wall can easily be removed to convert back to a 3/2/2.
Pros
Great central location off I-20 and I-35 in the Spring Hills neighborhood, off E Camp Wisdon Road. The house is in great structural shape. Roof is less than 2 months old. HVAC / electrical / plumbing systems appeared to be functional when we toured the property.Foundation is not perfect, but not too bad either.
Cons
It needs a full cosmetic rehab.
Value
Price/sqft for low level rehabs in the area are over $100 and DOM are low. We think an ARV of $125k is conservative.
Estimated ARV - $125K
Repairs: $25k
Asking Price - $85K
$5k non-refundable deposit required upon assigning the purchase contract.
