Updated 8 days ago on .
🔥 HOT HOT HOT 🔥 for < $120k [$225,000+ ARV] ✨ St. Mary's University ✨ 78228
OFF-MARKET FLIP/RENTAL: UNIVERSITY PARK GEM!
Location: San Antonio, TX 78228 (Near St. Mary's University) Price: $119,900 ARV: $225,000+
This is a fantastic opportunity in a prime location. This home is a solid, four-sided brick on a slab foundation. It’s an ideal project for an investor looking for a high-profit flip or a cash-flowing rental. This property is selling for a massive $80,000 under the tax-assessed value, giving you instant equity! Clean home that needs basic sprucing for a rental play.
Property Details:
- Beds/Baths: 2 / 1 (with easy conversion to 3/1 or even a 4/2)
- SqFt: 1,657
- Lot Size: 0.219 acres
- Build: 1953
Investment Highlights:
- Massive Upside: A recent 2/1 comp—500 sq ft smaller—just sold for $204,000. This property has a ton of potential.
- Flexible Layout: The large square footage allows for easy conversion to a 3-bedroom, 1-bath or even a 4-bedroom, 2-bath layout, which would significantly increase your ARV.
- Low-Cost Rehab: The foundation is solid and the HVAC is a newer 2020 unit. A basic rental rehab could be done for as little as $10-20k, while a full flip would be in the $40,000 to $50,000 range.
- Strong Market: Homes in this area are selling fast, with an average days on market of under 60 days for similar properties.
Rehab Suggestions Only: The main items are a new roof, kitchen & bathroom remodel. The interior needs cosmetic updates like paint and fixtures.
Note: The mini-split in the back den will be removed before closing.
This is a straightforward deal ready to go. We are looking for a fast close, ideally before October 1st.
Access: The property is vacant. Call me to schedule a viewing!
(832) 266-3656
TX LREA #813897 Broker #9000195
MLS comps readily available. If interested, DM me "78228 St. Marys" and your email for a quicker response.
Cash Buyers Only.
