DFW REI Club

 Dallas/Fort Worth Real Estate Investor Club

Great Rental Investment Property in 76107!!!!!

  • 23 Jul 2020 5:05 PM
    Message # 9121534

    5837 Wellesley Ave Fort Worth, Texas 76107. SFR 3/1. 1004 sq, ft, built 1944. Wood Siding, Pier and Beam. This home has had some updates and is in a revitalizing area!!!! Chamberlain Arlington Heights Subdivision. It is on a corner lot with a storage building with fence and covered parking for 1 space.

    Available for Assignment Contract $120K, with reimbursement of EMD and option monies. Closing scheduled August 18, 2020. Escrow held with Lawyer’s Title off of Camp Bowie Blvd. Call Janeen at 817-381-9477 or email seedlingip@gmail.com

    Home has solid bones but needs some inside painting and minor cosmetics. Flooring will need to be cleaned. Exterior paint is recent. Property has appliances including refrigerator washer and dryer. Home has window units for A/C, Est. repairs at $10.00 per square foot. ARV=$145.00 sq. ft.

    This property is best for a rental property investor! SOLD AS IS. Please do your own due diligence!

    Additional Pictures:

    https://www.realtor.com/realestateandhomes-detail/5837-Wellesley-Ave_Fort-Worth_TX_76107_M85351-69131

    Active Lease Comps: $1200 to $1400 per month for a 3/1, 1050 average sq. ft.

    Active for Sell Comps: $130 to $167 per sq. foot. $130,000 to $167,000

    Sold Comps: $104 to $154 per sq. foot.

    Figures based upon comps provided by real estate agent.


    1 file
  • 28 Jul 2020 12:20 PM
    Reply # 9130695 on 9121534

    thanks for your interest, property no longer available


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