Rehab gem worth 950K+ fixed-up, asking 596,900 (Montrose-Neartown house)

1812 Norfolk St, Houston, TX 77098

$975,000 After Repair Value -
$598,000 Asking Price -
$150,000 Cost of Repairs =
$227,000 Potential Profit

Property Details

Asking Price $598,000

After Repair Value $975,000

Costs of Repairs $150,000

Potential Profit $227,000

Living Area 3700 ft2

Property Type Single Family House

Bedrooms +7

Bathrooms 4

Half Bathrooms 0

Parking 0

Listed with Agent Yes

Property Description

WORTH 950K-$1 MILLION+ FULLY RENOVATED.

PERFECT FOR THE SEASONED REHABBER LOOKING TO MAKE A 250K PROFIT!

LOCATED ON A SUPER NICE AND QUIET STREET, IN AN AMAZING, RENOWNED AND UPSCALE NEIGHBORHOOD.

MOST RECENT MLS RETAIL SOLD COMPS:

1828 NORFOLK ST, BUILT IN 1939 WITH 2,639-SF, SOLD $1,035,000

1927 NORFOLK ST, BUILT IN 2023 WITH 3,860-SF, SOLD $1,749,000

1948 PORTSMOUTH ST, BUILT IN 2023 WITH 4,850-SF, SOLD $1,980,000


CURRENT ACTIVE RETAIL COMPS:

1824 PORTSMOUTH ST, BUILT IN 1932 WITH 2,632-SF, LISTED AT $995.000

1906 NORFOLK ST, BUILT IN 1935 WITH 2,914-SF, LISTED AT $1,150,000


2023 HARRIS COUNTY APPRAISAL DISTRICT VALUE: $932,000

OTHER MLS RETAIL COMPS IN PHOTOS ARE WITHIN 1/4 MILE OF SUBJECT PROPERTY IN LAST 90 DAYS!


MUST CLOSE IN 2 WEEKS!

PRO WHOLESALERS WELCOME, OPEN TO JV.

VACANT, CALL FOR SHOWING INSTRUCTIONS.

HUD PROPERTY I HAVE UNDER CONTRACT

Repairs Needed

Needs full renovation with high-end finishes for this neighborhood.

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