Updated about 12 years ago on . Most recent reply
Cypress Flip With Additional Lot (77429)
Greetings!
We have another property available in Cypress (NW Houston) with the following numbers:
Square footage: 2428
Bedrooms: 3
Bathrooms: 3
Garge: 2-Car Carport
Year Built: 1965
Price: $135,000.00
Rehab: $30,000.00
ARV: $220,000.00
This property sits on two lots totaling nearly an acre in land. This leaves the investor with at least three options:
I. Rehab the property and sell it with both lots for $220k.
II. Subdivide the lots; sell the vacant lot for at least $25k; rehab the property and it sell it with the lot it sits on for $195k.
III. For the overly ambitious, you could subdivide the lots and build another property on the vacant lot. ARV would depend on the size and quality of the new construction.
Give me a call directly if you're interested in this property: 405-361-1341.