Lovely house on the Lake (Lake Livingston Houston area TX)

[Jessie Chang]

511 High Crest, Point Blank, TX 77364

Selling Price: 75K

ARV 120K and market rent: $1,200 Taxes: $2,000

Point Blank is a LakeLivingston community about 1 hour 15 minutes northeast of Houston. This home is waterview of the lake. 

-Check out this beauty! Purchased as an investment property to be rented out and after the first tenant moved out, found out that it has some foundation issues and got 3 quotes for fix and repair ranging between 20-25K (foundation crack fix and repair walls). You can go out and look and get your own estimate / diagnosis if you can remediate it for cheaper, more profit to you. 

(It appears the utility room was added to this house at some later date than the original build and has separated from the main house about an inch. Guess they didn't tie it in properly and this land section of the lake moves around quite a bit so all of the homes have some type of foundation problems. The storms have not been a problem since we are off the lake about 200 yards)

-Rest of house is updated/ ready - was in rent ready condition before discovering this foundation issue. Would be a great rental to add to your portfolio. 

-There are also 3 other rental houses in the area and would consider package sale. 

-For the right and serious person, would consider seller financing. Please Private message me to make an appointment to go see the property today!