DFW Quinlan seller finan/rehab
I just got this under contract an hour ago.
I have pics and will have a website this afternoon for you to see.
Here are the details:
located off of 751, in Mulberry Cove
built in 1991, 1,936 sf, two story, 3&2, fenced yard, Large bedrooms, lot size of 3,498 sqft
Assessed value is 80,000.
Zestimate: $87,950
Rent estimates: zillow, $1,250 rentometer $977
Financing:
Cash for $27k includes assignment fee
Finance at $32 (incl assgn fee) with $12k down to pay off lien holder & have moving money
Seller said "We would leave things in our name till full payment is made (if we are financing)"
Condition of house
FROM SELLER "What needs done on the house is:
we put all new wiring for the entire house, as a result some sheetrock has been ripped out. Some painting in interior (only because I have kids that think drawing in walls is cool), It's not real bad, but you will want to do some painting (plus to cover the new sheetrock. We have one room to finish and all the electric is complete and we will close off the holes, if someone is purchasing.
The guest bathroom needs a toilet and flooring redone as the tile is all broken up. A bit more work needs done in there also.
There is no air conditioning unit. The ductwork is there, but the unit itself is gone.
There is four or five windows that need replaced and siding on the front. I think that's about it. Anything else you would want to do is going to be literal cosmetics (ie. the carpet could use replacing but with a shampoo, doesn't have to be...)
As far as outside goes, there is an extra hose hook up that needs fixed and the fencing needs redone. I know this sounds like a lot, but I honestly, don't think it's that bad. Considering the "run down" places I've looked at. This isn't that run down, just needs some love. :)
AND
"There is work to be done, but it does have great potential. The master bathroom just has a stand up shower/ toilet/ sink and has very little work. Just paint to be done, and a cabinet door. The other rooms are very minimal work also. mainly paint/ one closet door is down so it needs fixed... windows... all cosmetics.
Call me if interested,
Melodee
912-209-0602