Dallas 75230 - $790K ARV High End Flip

[Andrew Herrig]

Estimated ARV: $790,000

Repairs: TBD by buyer (see pictures in link)

Purchase Price: $590,000

-> Link to property flyer <-

3611 sf / 4 bed / 3 bath / 2 car garage
19,300 sf lot / stucco / pier and beam / built in 1955

This is a great flip in a coveted North Dallas location (Northaven Hills Subdivision). It was completely rehabbed (down to the studs) in 2007 and is in pretty good shape as-is, but will probably need some cosmetic updates to get full market value. See pictures for more detail.

Roof: Appears to be in good shape, but do your own due diligence
Foundation: Have a bid from Align Foundation for $5k to add a few steel beams to help support 2nd story addition
HVAC: 2 units - older but working fine
Electric: no known issues
Plumbing: no known issues
Other: Fronts to residential street, but borders main road, and ARV has been adjusted accordingly

Seller has 15 day leaseback with $5000 holdback until vacant.

This is an assignment of contract. We have an equitable interest in the property and will assign the contract to a 3rd party.

-> Link to property flyer <-

If you want to join my buyers list for future deals, you can do so here:

http://www.andrewbuyshousesdfw.com/investors