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Property Deals Details

Property Pictures


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Property Map

Video of Property Walk-Through

Property Details

Type: Apartments
Bed: (8) 2 bedroom             Bath: 1 bath each Units
Lot: 19,500        Built: 1950
Highest & Best Use: Rehab & Flip
Garage: N/A  
Sqft: 5,280

Property Location

Address: 4302 Los Angeles Street,, Houston, Texas 77026
Subdivision:
Area: Los Angeles

Calculation of Profit

After Repaired Value: $350000
Sellers Asking Price: $120000
Estimated Rehab Costs: $143019
 
Potential Profit: $86981
Profit before buying, selling & holding costs. Check pdf to see net costs.

Comments

Property Description:



Best Sold Comps to Prove ARV:

Excellent Landlord Opportunity with Great Cash Flow Potential$$$ (8) 2 bedroom, 1 bath Units that are Perfect for Section 8 Housing This property was built in 1950, and has a 19,500 sqft lot that is fenced. Rehab should take approximately 2 to 3 months, and could be fully leased out within 5 to 6 months. Once this property is leased out it should bring in OVER $40,000 (NOI) Net Operating Income.



Rehab Scope of Work:

See PDF

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