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Updated over 11 years ago on .

User Stats

99
Posts
7
Votes
Stephen Salerno
  • Addison, TX
7
Votes |
99
Posts

Near Love Field Tear Down Opportunity Dallas Texas

Stephen Salerno
  • Addison, TX
Posted

This property has couple of options in a great area of Dallas near Love Field airport.

Investor Cost: $160,000 (Cash or Hard Money only)

New Builds in the area are selling between $625,000- $930,000.

Giving $100/sqft to build a new house will leave a health profit margin for 4,000+sqft house. Average price per foot for new builds in the area is $173. This will put a the ARV at $692,000.

Option 2 Adding square footage with a full remodel.

Rehab: $150,000 Including adding 1000 sq ft. Really nice remodels are selling around $229/sqft-$250/sqft. With adding 100 sqft will put the ARV at $576,000

For more information call Stephen Salerno 214 793 1246


Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth
# 587060