Bayou Vista, TX 77563 $330K

 

1071 Redfish St, Bayou Vista, TX 77563 $330K 


(Rear-view)

This is a VERY strong deal with a very good profit margin. We estimated our ARV very conservatively, as none of the comps are quite equal to the subject property for a variety of reasons. Every home in the community rests on any one of a number of canals that gives the owner direct access to the water.

Financials

ARV: 525k+ (Conservative estimate, potentially MUCH more. SEE COMPS.)

REHAB: 50k
Price: 330k (First-come, first-serve)

DETAILS

* 4 Bd / 3 Ba and 1920 sq ft

* Upper-floor with an in-law-suite bottom floor

* Upstairs a 3/2 (Vacant), downstairs is 1/1 (Rented). Downstairs tenant being evicted, VACANT @ CLOSE

* Upstairs fairly updated and partially remodeled

* Downstairs needs work

* See "DOWNSTAIRS VACANCY" below

* Built 1974 on a 0.13 acre lot

* On the water with a docking station for a boat. Really beautiful setup. Look at pics to see what I'm talking about.

* Two-car garage, but only fits one right now as half is sectioned off for storage.

* Interior is not in terrible condition but should be cleaned and updated.

*Upstairs kitchen remodeled in last couple years

* SUPER motivated seller, absentee owner.

* Exterior in better condition, but could be painted.

*Off-Market, Direct-to-Seller (A-B available upon request) and on a lockbox

* COE on or before 11/30

* Zestimate = $434k (Zestimates are not reliable, but still worth noting)

DOWNSTAIRS VACANCY
Currently, there is a tenant in the downstairs in-law-suite who has been refusing to leave. After some time, they have agreed to leave and are expected to be gone at least two weeks prior to closing. Seller also began eviction proceedings a couple weeks ago just to be safe.

* Detailed photos, comps, and access details below


CLICK FOR PHOTOS


COMPS
(ALL in subject neighborhood, most are OLDER, 3-bed ONLY, and MUCH SMALLER)
      
SOLD $650k: 1259 Blue Heron St (June 2023)
3 Bd / 3 Ba and 2100 sq ft
Built 1980
(REMODELED, Larger, 3bd only, just a few homes down)


SOLD 550k: 975 Bonita St (July 2023)
4 Bd / 3 Ba and 1792 sq ft
Built 1970
(REMODEL, SMALLER)


SOLD $465k: 1070 Redfish St (April 2023)
3 Bd / 2 Ba and 1312 sq ft
Built 2011
(UPDATED, MUCH Smaller, Newer, 3bd only)


SOLD 510k: 1166 Sailfish St (August 2022)
3 Bd / 3 Ba and 1419 sq ft
Built 1976
(UPDATED, MUCH SMALLER, 3bd only)

ACCESS

713-489-1775 

dslacquisitions@gmail.com
UPPER LEVEL: Lockbox
BOTTOM LEVEL: Just ask the tenant to do a quick walkthrough, they are generally home

Popular posts from this blog

Houston TX | Fix & Flip or: 5302 Green Springs Dr, Houston, TX 77066 $269,900

Houston TX | Fix & Flip or Rental Address:  5302 Green Springs Dr, Houston, TX 77066 $269,900 AREA: Houston SUBDIVISION: Greenwood Forest,  good market Two-story, 4 bedrooms, 2.5 bathrooms, 3-car attached garage, 3,547 sqft. This large home is located in a great market and comes with an updated kitchen! Now is the time to invest in this property while the market is strong in this subdivision! Call or text Rolly Leguizamon at 713-489-1775 for questions and showing times.   Per previous owner: Never flooded A/C: 1 unit is 2021, other is 2012 Roof: 2001 Foundation: needs some work   ARV is approx. $365,000, rent comps $2,800/month.   We are asking $269,900 Click the following link for more pics/info/comps:  GREENSPRINGS → CALL OR TEXT  Brent at 713-489-1775 IF INTERESTED
Read more

Here's Why NFTs Are Selling for Millions

Image
Here's Why NFTs Are Selling for Millions Breaking down the latest (very expensive) trend you have definitely heard of. By  Jennifer Spencer  April 26, 2021 Opinions expressed by  Entrepreneur  contributors are their own. When non-fungible tokens, or  NFTs , first gained the attention of the public a few months ago, few understood what they were and what they were for. Today, they are a booming market, selling for  thousands  and even millions of dollars apiece. In February, sales of NFT tokens reached $500 million, which is twice as much as throughout all of 2020. According to the Crypto Art  website , more than 191,000 digital art objects have already been sold for a total exceeding $533 million. The distinguishing feature of NFTs is that their underlying technology certifies and guarantees the authenticity of a tethered item, raising its value. Today, world stars tokenize their paintings, songs and even Twitter posts to protect their copyrights, while collectors can buy a Picasso
Read more

6 BRAND-NEW CONSTRUCTION TOWNHOMES $2,150,000.00

  BRAND-NEW CONSTRUCTION TOWNHOMES   Looking for a lucrative investment opportunity in the heart of Houston, Texas? We're thrilled to present an exclusive portfolio of (6) brand-new construction townhomes, located at the following addresses: 4210 McKinley Street, Houston, TX 77051 4212 McKinley Street, Houston, TX 77051 4214 McKinley Street, Houston, TX 77051 4216 McKinley Street, Houston, TX 77051 4218 McKinley Street, Houston, TX 77051 4220 McKinley Street, Houston, TX 77051 This unique opportunity offers a 6-pack of townhomes, ideal for a bulk purchase. With a location in a HOT short-term rental area, this portfolio promises excellent potential for long-term growth and substantial returns on investment. For more information on the bulk package, reach out to Taylor or Charlie. Asking: $2,150,000 6 (T/H) UNDERWRITING: Home Sales Price: $2,150,000 Marketing $100,000.00 Consulting $100,000.00 Closing cost: $19,000 Total Equity: $1,969,000 Monthly Rent: $14,400 Tax Rate (Appraised Va
Read more