For Sale: Flip/rental opportunity in Crosby, TX

[Michael O'Byrne]

3/2/2 with large loft for gameroom or 4th bedroom, 1849 sqft. We bought this property last July as a flip project. It was occupied at the time. The tenants have moved out and we started demo (ripped out carpet and old stove), but due to higher profile projects needing resources, We haven't done anything with it since. I would like to sell this property to funnel cash into our other projects. As a rental it would need new carpet and a stove installed. As a flip, it needs $25 - $30K for: foundation work (local estimate is $6,900), AC condenser (still works, but old) flooring, garage work, bathroom and kitchen updates, and some cosmetics. ARV for this subdivision (Newport) is a solid $140 and rising. The lot next door was recently cleared and the new home construction is almost completed. Price is $78,500, we are somewhat flexible, asking buyer to pay closing costs, est. at $1,500. Property address is 742 Nautilus St., Crosby TX 77532. Send me a PM if you would like more photos or want to make an offer.