ARLINGTON, TX (D/FW) - Wholesale Deal - SFR

[Dev Horn]

PROPERTY DETAILS ~

3704 Astoria Dr, Arlington 76013 << click for map

4 / 2.5 / 2 ---- 2,374 sq. ft

This is a nice house is a super nice neighborhood with $200K+ homes and it's in decent condition.  Homes in this area are selling in 8 to 34 days on market (DOM). Arlington (TX) currently has very low inventory, so there is significant buyer demand in this area.

CLICK HERE FOR  PHOTOS OF 3704 ASTORIA 

ARV RANGE CALCULATION:

CMA is available via email.

At the average $96 per sq ft the ARV on this house is $227,900

At the lowest comp of $88 per sq ft the ARV is $208,912

On TAD at 178K:

REPAIRS:

ROOF replaced ~2005 looks good; foundation piers placed a few years back with transferable warranty. Water heater looks good; all kitchen appliances work.  The living area is nice (seller updated it), with modern textures & colors.

1) Needs outside AC (condensing) unit - 5 Ton 13 SEER; inside unit it brand new

2) One bathroom needs bathtub faucet replaced and redo tile/wall

3) Needs flooring throughout living & bedroom areas

4) Some hairline cracks along seams in a couple of rooms - nothing major

Outside the driveway is pretty cracked up, but I wouldn't fix that.  Most driveways in this area are in similar condition.

Seller has a contractor estimate to repair the HVAC - range is $1,500 to fix it up to $2,500 to replace outside condensing unit and upgrade entire system to R410a. That's the most major repair needed, and it's not outrageous. The second most needed repair is the #2 bathroom needs faucet & tile replaced - you'll see that in the photos...

Other than that, it's a simple cosmetic rehab (flooring, paint) ~ estimated at $15,000 for a complete rehab to get it to the higher ARV range.

This house is in good enough condition, you could probably just fix the AC and the bathroom and sell at close to retail, to a buyer who would be willing to do the cosmetics for sweat equity...

PRICE:

$157,500, so there's at least $50K to work with...

Close date: Between 8/10 and 8/14

Please let me know if you are interested:

Dev Horn
We Buy Houses Arlington (TX)
(817) 779-7755
[email protected]