Dallas-Fort Worth Real Estate Investor Club

Great Cash Flow Rental or Owner Finace Opportunity in SE Fort Worth

  • 24 May 2018 11:59 AM
    Message # 6259627
    PROPERTY
    4129 Ave M, Fort Worth, TX 75105
    3 Bedroom
    1 Bathroom
    1,000 sq ft; tax records show 900 sq, ft. but does not include kitchen expansion
    Year built 1930

    ARV: $80-85k; Ideal play here is for cash flow as rental or owner finance deal
    Rental Rate:  Tenants in place and want to stay, currently month to month at $1,000! Awesome Cash on Cash return!!!
    Offer Price: $68,000
    Rehab Repairs$3-4k; could use interior/exterior paint, replace a couple of cracked tile pieces, and replace some door frame trim but with tenants in place no need for any repairs upfront  

    Property Condition:
    Under went extensive remodel about 3 years ago, including new roof, HVAC, exterior siding, windows, kitchen and bath remodel, and tile flooring throughout. There are no foundation issues or warnings. Two storage sheds are also in place.

    BONUS: As many of you may be aware the Polytechnic area is in the early stages of revitalization with significant development going on around the Texas Wesleyan campus.

    Deposit: $3,500
    Closing:, June 5, 2018
    CASH or HARD MONEY ONLY
    Buyer pays all closing costs.


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