Fix&Flip or Buy&Hold – Austin, 78753
Located on a large 12000sf lot in a great neighborhood, this 3-bed 2-bath includes 1750 sf is a prime flip or rental opportunity. The property also includes an 1100sf unpermitted garage conversion (2/1) and swimming pool. The main house is leased through Sept. 2018 ($1850/mth) but the tenants have agreed to break the lease for a small incentive. This is a co-wholesale deal and closing must occur by Dec. 31.
- Offer Price: $198k
- ARV: $330k+
- Repairs: $55k
- Rents: $2000/mth
- Metal roof, no reported foundation issues
- Scope of repair includes a cosmetic update to the main home ($35k), removal of the swimming pool ($15k), and converting the 2/1 suite back to a 2-car garage ($5k)
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.
- $5,000 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