Updated about 2 months ago on .
Off Market Deal: High Profit Flip Or Rental Near St. Mary's University!
Location: San Antonio, TX 78228 Price: under $120,000 !! ARV: $225,000
Investors, this is your chance to grab a serious value-add opportunity! We've secured an off-market property priced to move, with $80,000 in built-in equity as it's selling well below the tax-assessed value.
This solid, four-sided brick home is a 2-bed, 1-bath with huge potential. The 1,657 sq ft floor plan gives you the flexibility to easily convert it back to a 3/1 or even a 4/2 layout to maximize your ARV or rental income.
The numbers on this one are fantastic:
- Flip Rehab: $45,000 (Kitchen, bath, interior cosmetics, new roof)
- Rental Rehab: $10,000 - $20,000 (Do the bare minimum and still cash flow!)
Why this deal is a winner:
- Location, Location, Location: A prime spot near St. Mary's University ensures strong rental demand and buyer interest.
- Solid Comps: A recent 2-bed, 1-bath comp—500 sq ft smaller—just sold for $204,000 in early September. Flipping this to a 3/1 or 4/2 could easily push your ARV past $225,000.
- Easy Conversion: The floor plan is perfect for adding bedrooms and a second bath, giving you an even better exit strategy.
- Strong Bones: The foundation is a solid slab with a newer 2020 HVAC system.
This is a straightforward deal for an investor who knows how to spot a great opportunity. Act fast—we are looking to close as soon as possible, with a target closing date before October 1st! Fast Close!
Access: Call me today to get eyes on this property.
Note: The mini-split in the back den does not convey and will be removed before closing.
Cash or Hard Money Lending Options Available.
(832) 266-3656 for more details and showing schedule
