Property Description: Rare full 3bed/2bath home near Fair Park in Dallas. Home needs cosmetic updating throughout including paint, flooring, kitchen, bathrooms and probably a new roof. Plenty of room in this price to accomplish those updates. Property currently has a tenant in place on a month to month lease paying $500/month. Tenant has been there 10 years and would like to stay if possible. Alternatively we could request the tenant to vacate prior to closing if needed.
Price- $58,000 + all closing costs
ARV- $110K-$120K depending on finish out. Comps shown below include much higher new sales to demonstrate the new construction activity taking place in area.
Market Rent- $1,100/month + depending on finish out.
The property is currently tenant occupied. Access by appointment only.