Charming 2/1 In South Oak Cliff
1550 Danube Dr., Dallas, TX 75216
Can Expand To 3/2
Minutes From Downtown
- Estimated ARV: $129,000.00
- Flip Repairs: $40-50,000.00
- Rental Repairs: $30-35,000.00
- Price: $59,995.00 OBO
- Average 3 Bdr Rent: $1,241.00
Property Details
- 2/1 Can Be Converted to 3/2
- Year Built: 1952
- 1,196 sq. ft.
- Lot: 0.28 acres
- Current Rents $650.00 to $1,350.00
- Group Showing Friday, May 12: 12-3pm
Terms
- Cash Only
- $2,000 Non-Refundable Deposit
- Buyer pays ALL closing costs
- Close Date 05/31/2017
- Agents add your commission to sales price
Occupancy Status
Vacant, Group showing Friday, 5/11/2017 from 12 Noon to 3pm.
Call: 714-474-8116
info@silverwoodllc.com
Property Description
South Oak Cliff, Cedar Crest charmer. Solid brick 2/1 with no foundation issues, pier and beam, needs full rehab and updating. Minutes from Downtown, Dallas, 35E and 45 Freeways. 1,196 sq ft., can be expanded to a 3/2, or kept a 2/1. 2 Bdr. rents are in the $1,000.00 range, 3 Bdr. rents are in the $1250.00 range.
1600 Glen Ave, a 3/2 with full rehab, 2 doors north, just sold for $129,000.00, setting a new standard for the neighborhood!
If you kept it a 2/1, rental repairs would be in the $30,000.00 range, $40,000.00 to flip. To convert to a 3/2, rental repairs would be in the $40,000.00 range, $50,000.00 to flip. Garage has termite damage and might be salvageable.
Contact Chris Winkler with any questions.
Ph: 714-474-8116
info@silverwoodllc.com
