HOT OFF MARKET DEAL???? ???? IN HISTORIC DOWNTOWN FORTH WORTH

Frederick St, Fort Worth, TX 76107

$350,000 After Repair Value -
$240,000 Asking Price -
$40,000 Cost of Repairs =
$70,000 Potential Profit

Property Details

Asking Price $240,000

After Repair Value $350,000

Costs of Repairs $40,000

Potential Profit $70,000

Living Area 1644 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms 0

Parking 1

Listed with Agent No

Property Description

The property is shown on redfin as a 3 bed 2 bath 1644 sqft. 1920\'s build.
However, the 3rd bedroom (downstairs) is unfinished (needs a closet, doors and AC ducts).

The current ARV ($ - ,000) is based on the current 2/2 - 1,200 sqft.

Repair estimate is right at $25,000 in cosmetic updates;
Including; paint, flooring, texture, kitchen and bathroom updates, landscaping.

BIG THREE:
- The roof is 18 months old
- Foundation is solid,
- HVAC was blowing warm air during the inspection.

The ARV as a 3/2 jumps significantly to $ - ,000.
Finishing out the 3rd room would increase the budget by around $10-15,000.
Ducting/framing/cosmetics will be needed to finish out the additional square footage downstairs but your return would cover any expenses significantly.

Repairs Needed

Third bedroom would have to be completed (closet and flooring added), paint, flooring, texture, kitchen and bathroom updates, landscaping.

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