Lot in East Austin - to flip to an investor/builder

[Audrey C.]

Hello, I have purchased a lot in east Austin (78721) and it is under contract right now for June 25 closing. I would like to flip this lot through an assignment to another investor or builder. If you are a builder, this is ideal, as all the profits are yours to keep.

The lot is around the Springdale, MLK area and west of the 183 but east of 35. The lot is 6000 sq. ft and zoned SR-3. I already have an experienced builder with city of Austin connections and reliable subcontractors, so no need to go look for a builder. He already has architectural plans for two SF houses in this one lot. The one in front is 1550 sq feet and the back is for a garden home 850 sq. ft. The bigger house can sell for $220/sq ft. and the smaller one about $260/sq ft according to comps.  The total selling price of both properties will be well over $500K.  Please respond with any inquiries you have. 

I need offers for this lot at 1120 Christie Drive, Austiin TX 78721. The ccntract is at $100K and I am hoping to get at least $110K or more.  So, please email me your best offer.

NOTE:  The owner of this lot has a tax lien against the property when a title search was done.  She is in the process of getting the liens removed, using a RE attorney.  I have the title commitment showing "Schedule C" and a survey if you need to take a look at these.  Give me your personal email and I will attach them in my return email to you.

Sincerely,

Audrey