Excellent Flip or Buy and Hold Property

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Excellent Flip or Buy and Hold Property

Real Estate Broker · Houston, TX · Member since 2015 · 86 posts · 22 votes

OFF-MLS SFR in up and coming Sunnyside area near the South Medical Center in Houston. This property would make a great flip or rental. Priced below appraised value!

Bedrooms: 2

Bathrooms: 1

Square Feet: 792

ARV: $89,000

Rehab: $15,000

Price: $27,800

Deposit: $2,000

Close Date: April 29, 2016

This is an assignment of contract, no double close fees

Buyer pays all closing costs

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  • Investor · Sioux Falls, SD · Member since 2014 · 107 posts · 25 votes
    10y

    This house just sold for 25,000 a month ago, why are u reselling it so fast? You have the price for 31,000 but in your ARV, Rehab and closing ext you have the price for 27,800 why?

  • Real Estate Broker · Houston, TX · Member since 2015 · 86 posts · 22 votes
    10y

    Sale price is $27,800, not $31,000; the seller changed their asking price while we were drafting the post and it must not have updated. This property was not sold a month ago.  It was inherited and the deed transferred to the heir.  

    Please note, that I do not own this property.  I am merely posting it for sale for my client. 

  • Magnolia, TX · Member since 2014 · 40 posts · 7 votes
    10y

    @Nicole Garner We'd be interested in this property.

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