Fix&Flip / Buy&Hold – Merkel, TX For Sale

  • $35,000
  • 2 beds
  • 1 baths
  • 880 sqft

Built in 1934, this 2 bed 1 bath, 880 sqft home is a perfect fix/flip or long term rental property.  The house will need a full cosmetic update for a flip.  Some minor repairs will be needed to make it rent ready.  House has a detached 1 car garage and is currently vacant.

  • Offer Price: $35k
  • Est. ARV: ~$85K+
  • Est. Repairs: $15-25K (depends on strategy)
  • Est. Rents: $650+/mo 

Highlights:

  • Needs interior remodel.
  • Seller says foundation and electrical are good
  • Roof is roughly 10 yrs old
  • Flooring in kitchen needs replaced, kitchen cabinets could also use some updating
  • Will need to update windows
  • Some exterior work will be needed

Please let us know if you or someone you know might be interested. Email, call or text us at 512-535-5554. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $3,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
Price:
$35,000
Address:
905 Oak
Merkel, TX 79536
Square Feet:
880
Lot Size:
12000 sqft
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1934

Call 512-535-5554 for more details

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