DEAL BREAKDOWN:
Incredible discounted investment opportunity in Pecan Valley! This home has great bones, sits on a well sized corner lot.
With close proximity to the Salado Creek hiking/biking trails, City Base Shopping Centers, retail, restaurants, & more.
This makes for a great first time home or rental property!
SPECS:
BED: 3
BATH: 2
SQFT: 1482
LOT SIZE: 0.
21
YEAR BUILD: 1959
SUBDIVISION: Pecan Valley/Fairlawn
REHAB NEEDS:
This home has great bones! It will possibly need a new roof, HVAC unit replacement & typical cosmetic updates.
VALUE POINTS:
Easy investment opportunity!
Near lots of shopping, retail, etc.
Get to Downtown in under 10 mins
SOLD COMPS BREAKDOWN:
278 Gayle Ave: Bed: 3 | Bath: 2 | SQFT: 1271 | Year: 1954 SOLD: $230,000 | DOM: 7 Days | $/SQFT: $180.
95
Description: This home was not a flip! It did have some updated features such as new lighting fixtures & paint.
It still preserved some outdated floors and tiles.
3814 Gayle Ave: Bed: 4 | Bath: 2 | SQFT: 1686 | Year: 1963
SOLD: $250,000 | DOM: 23 Days | $/SQFT: $148.
27
Description: Nicely updated 2 story home, still with room for improvement.
It's in great shape overall!
3606 Southport Dr: Bed: 3 | Bath: 1 | SQFT: 1199 | Year: 1958
SOLD: $210,000 | DOM: 50 Days | $/SQFT: $175.
14
Description: Fully remodeled home! This one is nearly 200sqft smaller and only has 1 bathroom.
SOLD COMPS ANALYSIS:
Avg $/SQFT: 166.
03 | AVG DOM: 27
Using the Avg $/SQFT * 1482SQFT, ARV would equal $246,056.
46.
We are discounting and using an ARV of $235,000 for a fully remodeled investment property!
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