Investor · Spring, TX · Member since 2012 · 121 posts · 26 votes
I have a great opportunity for an investor who flips properties in and around the Houston area. Located of I45 south on the way to Gavelston. This property in a large house 5680 sqft. sitting on one acre of land. This property is currently tenant occupied so showings will need to be scheduled through me and or the seller.
Here are the particulars of the property:
Address is: 6408 Avenue O Santa Fe, Texas 77510
ARV 375K based on a professional appraiser.
Sales price 280K
Rehab is only cosmetic paint, flooring and some minor updates. Foundation, roof and HVAC are all good. Feel free to contact me for a showing. We will have a scheduled showing this coming Saturday 8/8/15 from 8 to 12 noon.
Holler at me if you get others in Santa Fe or the general area...I'm down in the area frequently and currently have deals going in Austin and Corpus so I'm interested in any of those areas.
Investor · Spring, TX · Member since 2012 · 121 posts · 26 votes
11y
Jon, the seller is renting it for only 1,500 month. This is very much under the market rent for this house. I am sure the tenants will stay for that price.