Great Investor/Builder Special

2409 Stuart St, Houston, TX 77004

$600,000 After Repair Value -
$155,000 Asking Price -
$220,000 Cost of Repairs =
$225,000 Potential Profit

Property Details

Asking Price $155,000

After Repair Value $600,000

Costs of Repairs $220,000

Potential Profit $225,000

Living Area 1224 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

This property is in an excellent location for new development. This location is 2 minutes from 288, 7 minutes from the medical center and a 3 minute walk to Emancipation Park. Lot is 5,000 sqft. CONTRACTOR:It has two house that are boarded up. Both houses are 2X1 with 612 sqft. The right investor could remodel these.BUILDER:New 3 story townhome sale prices range from $280K to $420K. Rent rates are from $1900 to $3800/month.

Repairs Needed

These two house need a lot of work. Most investors would consider these tear downs. The biggest value would come out of tearing them down and building new homes from the ground up.


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