15% Cap Rate Duplex – $15000 Bonus Lot: Real Estate Investment Brokerage-SOLD

Location
Texas, Houston GMA
67 000

Overview

Property Address
2200 MARY ST Houston Texas 77026
Property Type
Baths
2
Beds
4
Year Built
1624
ARV (After Repair Value)
$75,000
Asking Price
$67,000

Estimated Cost of Repairs

$7,000
Estimated Montly Rent
$1,200
Investor Name
Susan
Investor Phone
(855) 732-5328
Investor Email
susan@realacquisitions.com
Special - Instruction
Real Estate Investment Real Deals by RealAcquisitions.Com

Description

Duplex minutes away from new Metro Line
Real Estate Investment by RealAcquisitions

 

2200 Mary St Houston TX 77026

This is a duplex that has been converted into a Large Single Family residence. The rehab is minimal and is surrounded by tonnes of new construction & remodeled properties. The new Metro expansion is walking distance. Buy this one for an amazing $500+ cash flow and a sure-shot appreciation.

HIGH POINTS:
Adjacent Lot worth over $15000 comes with the property
Minimal Rehab under $7,000 (Mainly HVAC work)
Walking distance from the new Metro Line
Optional conversion back a duplex for $1800+ Rental

After Repair Value    $75,000
Additional Vacant Lot    $15,000
Est Rehab        $7,000
Asking Price        $67,000
Instant Equity        $16,000
Est. Rent        $1,200


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