2 For 1 Inside 610 Loop Pending

  • $212000.00
  • 5 beds
  • 2 baths
  • 1560 Total sqft

SUBMIT Proof Of Funds FOR ACCESS INVITATION

Qualified Buyer for Showing Form

Qualified Buyer for Showing Form
  • We do not entertain offers without Proof of Funds. Once you submit your Proof of Funds we save it in your file and you can have early access. If you are an agent or wholesaler Click Here for Our Process: https://www.loom.com/share/04972a4f7bc4404bb4dd9acf81695754?sharedAppSource=personal_library
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FIRST COME, FIRST SERVE

2 Houses for the price of 1 lot inside of the 610-LOOP!

3/1/840 sf and a 2/1/720 sf

Where else could you find such a steal?

Multiple exit strategies.

Best Comparable is 822 Booth Street sold for $343,000 with 0 Days On Market.

Across the street 822 Wilkes Street, Houston, Texas 77009 is listed with just 1 house for $239,900.00

Each house renovated could rent for $1,375/Month … that is $2,750+/Mo Revenue with one purchase inside of the loop!

At $212,000 this makes for a NO BRAINER!

Click Here for Tax Report:

Tax Report – 824_Wilkes_St_Houston (1)

Houses need complete renovations but this is an absolute great hold… you just can’t simply find deals like this inside of the loop often.

Rental
Temp to Perm Refinance
Gains and returns
Equity Capture Gain $43,000.00
Projected Cash Flow Per Year $15,912.00
Return on Capital by Equity 91%
Cash on Cash Returns 33.7%
Cash flow
monthly rent $2,750.00
refi note payment $1,173.10
2nd Lien note Payment $0.00
property tax $167.75
property ins+HOA $83.33
Property Management Fee $0.00
Passive Net Cash Flow $1,325.81
Self-Managed Net Cash Flow $1,325.81
Cash out of pocket
hard-money cash to close $56,837.00
hard-money holding cost $3,405.50
refi cash to close $0.00
2nd Lien Financing $0.00
refi cash back at closing -$13,002.50
TOTAL $47,240.00

 

How to Access Property: Buyer ACCESS By INVITATION Only Must Submit Proof of Funds. DO NOT DISTURB.

Miscellaneous: Never flooded

Property is and will be VACANT by closing.

The buyer pays all closing costs except taxes or liens. Please perform your own due diligence.

$5k Cashiers Check to Fidelity National Title Agency Inc secures the deal along with sales agreement.

**WARNING ALWAYS CALL TO CONFIRM** FIDELITY NATIONAL TITLE – CLICK HERE FOR WIRE INSTRUCTIONS

Price:
$212000.00
Address:
824 Wilkes St
Houston, TX 77009
Square Feet:
1560 Total
Lot Size:
6450 sqft
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1940
Basement:
N/A
Const. Type:
Pier and Beam
MLS #:
N/A - Off Market

Call 832-495-4522 for more details

Property Location