Nice Property with Room to Expand in Tyler Texas!

Tyler, Texas
Herndon Hills
Real Estate Investment

Description of Property

Ø  Subdivision: Herndon Hills

Ø  1,162 Sqft

Ø  8,398 Sqft Lot (Perfect to add an ADU)

Ø  Built in 1949

Ø  Single Story Home

Ø  Raised Foundation

Ø  Solid Foundation

Ø  Solid Interior/Exterior Walls

Ø  3 Bedroom

Ø  1 Bathroom

Ø  Brand New Roof

Ø  Brand New Exterior Paint

Ø  Brand New Water Heater

Ø  Plumbing Good

Ø  Aluminum Siding

Ø  Upgraded Windows

Ø  Covered Front and Rear Patio’s

Ø  HVAC Approximately 8 Years Old, Works Great

Ø  Light Cosmetic Rehab Only

Ø  Currently Occupied by Tenant

Ø  Showings to Be Coordinated with Sanjo Only

Ø  Rental Estimated at $1,100.00

Ø  Purchase Price $92,000.00

Ø  ARV $145,000.00+

Ø  Buyer to Pay All Closing Costs Due at Close

Description of Repairs

Needs interior paint and kitchen flooring repaired. 

  • Access:
    Message Me
  • Home Area(sqft):
    1,162
  • Property Type:
    Single Family Residence

The Numbers

  • Asking Price ($):
    $92,000
  • As-Is Price/Sq Ft:
    $79.17
  • Est. Cost of Repairs:
    $10,000
  • After Repair Value:
    $145,000
  • ARV Price/Sq Ft:
    $124.78
  • Est. Gross Profit/Equity:
    $43,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money,

Comparables

No info given

Property Inspection

Closing Details

  • Closing Attorney / Title Company:
    Priority Title
  • Target Closing Date:
    August 30, 2024
  • Details:
    Cash, end buyers only. Buyer to pay all closing costs and assignment fee (listed in the title and contracts). Title is clear and free from any liens or outstanding items.

Location

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