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Updated over 9 years ago,
Home in Austin Texas 78702 (Chestnut District)
Property located at 1306 Cedar Ave: Asking price 255k: The best way to add margin over 250k is to scrape and build a 1550 sqft front structure and an 850 sqft back structure with alley access. Selling them off individually
ARV on 1550sqft = 462,000
ARV on 850sqft = 302,000
ARV: 762,000
Build: 288,000
Lot: 250,000
Net Profit: 219,000
Offering