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Hot 🔥Don’t miss out 2BedX1Bath🏡​Own a piece of history one of San Antonio’s most vibrant areas🔥

San Antonio, Texas
Subdivision: Highland Park

Listings Stats

Published: Dec 17, 2024
Last Edited: Dec 21, 2024
Listing Type: Wholesale
Listing Status: Available
Number of Views: 156
Days On Flippery: 6
Number of Favorites: 0

The Numbers

Buy It Now Price: $135,000
Asking Price ($): $130,000
After Repair Value: $240,000
Est. Cost of Repairs: $30,000
Est. Gross Profit: $80,000
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Real Estate Investment

Description of Property

Description of Repairs

While a true diamond in the rough the home retains its original character, it will need some work to get it rent-ready or a full renovation to maximize its potential. The kitchen and bathroom are primed for a little TLC, allowing you to customize these spaces to suit your style and needs. Whether you’re an investor or a homeowner with a vision, this property promises endless possibilities in an unbeatable area! Comes with a detached double-car garage that offers endless potential. While it will need some work, the possibilities are truly exciting—transform it into a stylish accessory dwelling unit (ADU) for added rental income, a spacious workshop, or even a creative studio.
  • Access:
    Message Me
  • Build Year:
    1944
  • Home Area(sqft):
    1,196
  • Bedrooms:
    2
  • Heating:
    Furnace
  • Fireplace:
    No
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Tenant Occupied
  • Lot Size(acres):
    7,492
  • Bathrooms:
    1
  • Cooling:
    Central A/C
  • Foundation:
    Slab
  • Sewer:
    Public/City
  • Parking:
    Detached Garage

The Numbers

  • Asking Price ($):
    $130,000
  • As-Is Price/Sq Ft:
    $133000
  • Est. Cost of Repairs:
    $30,000
  • After Repair Value:
    $240,000
  • ARV Price/Sq Ft:
    $217.39
  • Est. Gross Profit/Equity:
    $80,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money, Conventional Loan, FHA Loan, Other,
  • Est. Mthly. Rental Rate:
    $1,380
  • Rental Restrictions:
    No
  • HOA:
    No
  • Earnest Money Deposit:
    $5,000

Comparables

  • Comp 1

    Full Address:
    509 Rigsby Ave San Antonio, TX 78210
    Distance from Listing Property (mi):
    0.11
    Sale Price:
    $260,000
    Sale Date:
    July 24, 2024

  • Comp 2

    Full Address:
    131 E High Ave San Antonio, TX 78210
    Distance from Listing Property (mi):
    0.36
    Sale Price:
    $205,000
    Sale Date:
    October 15, 2024

  • Comp 3

    Full Address:
    1115 Mckinley Ave San Antonio, TX 78210
    Distance from Listing Property (mi):
    .41
    Sale Price:
    $246,648
    Sale Date:
    September 30, 2024

Property Inspection

Closing Details

  • Closing Attorney / Title Company:
    Priority Settlement Group of Texas
  • Target Closing Date:
    January 1, 2025
  • Details:
    Your closing team will be Brandi Lemons, Laura White, and Tanya McElroy. All can be reached at 877-852-9512. or by email at [email protected].

Location

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