Great Rental/small flip opportunity in Garland!

[Kyle Shirley]

Great Rental/small flip opportunity in Garland. This townhouse is currently tenanted at $1,150/month to very clean tenants. Tenants have been in the property for 1 year and would like to stay if possible. If you keep the tenants you would not have to lift a finger. Could raise rent to $1,200 which is the going market rent in the area. HOA dues are $74.50/month. If you wanted to flip it I believe you could shoot for a resale of $155,000 conservatively. All the sold comps are smaller than us and we are the only one with a 2 car garage. Finish out for the sold comps is nothing spectacular. I believe $5-8k to spruce up the kitchen and upstairs bath would get you to the $155-160k resale range. Very easy and straight forward deal. Please contact me for more info 8174220922 Thanks!

ARV: $155k

Rehab: $5k-$8k ($0 for rental) 

Price: $118k