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Updated over 8 years ago on .

User Stats

77
Posts
1
Votes
John Pettit
  • NetWorth Distressed Real Estate Professional
  • Plano, TX
1
Votes |
77
Posts

Great Chance at a Buy and Hold in Lockwood Estates

John Pettit
  • NetWorth Distressed Real Estate Professional
  • Plano, TX
Posted

Sales Price - $197,000
Rehab - $3,000 (make ready if needed)
Rental Rate - $1,650

Great opportunity to Buy and Hold an updated Lochwood property under $200K. Property was fully renovated in 2015 with new Electric Panel and HVAC along with all cosmetics. Property was Leased on a 2 year for $1,500 per month. Tenants lease ends 6/18 and property will be vacant at closing 6/20. Current market rents show $1,650 p/mo. Great hold opportunity currently with flip potential in the future.

If you are interested in this property or have any questions please email me.

Offering