Investment Home in Lockwood Subdivision- Dallas, Texas

[John Preston]

Lochwood Fix and Sell or Rent opportunity. With the Right vision this property will sell quickly! This property has the feel of a duplex but with out the dividing wall. To keep for as a duplex and rent you will need to put back the dividing wall and updated the existing floor plan. For a Fix and Sell, some more floor plan modification will be needed along with a full cosmetic update. The final floor plan configuration is your choice, most sold comps are 3/2 and most rental comps are 2/2's. Lochwood is a fantastic area with remodeled houses selling for $215-$230/sqft. The subject property does sit in section that is less desirable but with an ARV of $199/sqft to make up for this fact. Contact me with serious inquiries only.

ARV - $442,000

Price - $270,000

Repairs - $85,000