Flip or Rental Property! Dallas, Texas

[Leo Lanza]

Address: Arboreal, Dallas, Texas 75231

NPO: $525,000

REHAB: $70,000

Cost: $365,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Great Opportunity to Flip in Highly Desirable Merriman Manor Subdivision with great outdoor amenities and nearby White Rock Lake. This property is a bit larger than the surrounding homes. Tax SQ FT of 2837 includes enclosed garage and sunroom. Since the garage is converted taking that back to a 2 car garage looks to be more common to the neighborhood and you can leave the nice carport as bonus covered parking. There is also an enclosed sunroom that could be better used as an open outdoor patio with the current exterior wall and door were removed and a sliding or double door being put back in original place to the right of the fireplace. The property will still be larger in livable square footage than all other comps after these 2 changes. Rehab breakdown provided to address remaining scope of work. Some Foundation work looks to be needed. $5,000 estimate in the budget but pier and beam foundation condition needs to be confirmed.