Dallas-Fort Worth Real Estate Investor Club

North Arlington Gem

  • 21 Aug 2012 4:06 PM
    Message # 1052794
    Marvelous investment for 'Fix and Flip' investors:

    Easy rehab and flip. Extremely desirable North Arlington neighborhood on the outskirts of Interlochen. Gated community, very quiet and peaceful.

    ARV $235,000
    Tax Value: $231,900

    4/3/2, 4,052 sqft
    3 living areas, plus bonus loft
    2-room, finished sound recording studio
    Plenty of storage space
    Community pool and 2 tennis courts
    HOA $100/month
    Natural light galore

    The houses was completely redone within the past 5 years.
    New Sheetrock, 2-unit a/c, 2 water heaters, new flooring.

    Work needed:

    - texture and paint all bedroom walls and ceilings (new sheetrock is already installed and taped everywhere)
    - finish master bathroom, and Jack-and-Jill bathroom (most hardware is already there and installed, needs tile and trim)
    - finish kitchen (most cabinets are already installed, all remaining cabinets come with the deal in boxes)
    - carpet all bedrooms
    - flooring in one of the living areas
    - finish out laundry room (just needs flooring and texture/paint)
    - some minor finish out and nips and tucks throughout
    - a lot of flooring and other building materials come with the deal

    Total repair estimate: $30,000

    Wholesale price: $129,000
    $3,000 non-refundable EM
    Pictures and video available
    Email me at optimal_investing_solutions@ymail.com if interested for address
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