Over $560,000 Gross Profit Potential!!!
🤩 Only 44% of ARV!!
- HIGHLY Sought-After Montrose Area (Quiet Street)
- NOT in Flood Zone
- Minutes from CBD, Medical Center, Museum District & More..
- Casita / Apartment in Back that Could be Connected to Main House (Sqft. Capture)
- Potential Total of ~ 2,330 Sqft
516 W Main St., Houston, TX 77006
Current: 2 Beds/ 1 bath – 1,344 SF
Potential: 4 Bed/ 2 bath – 2,330 SF
There are two real scenarios on this deal:
1) Connect the Main House w/ Casita (Already partially connected)
- Adds Additional ~ 985 SF for a Total SF of ~2,330 SF (See More Details)
- After-Renovation Value (ARV): $1,000,000 (Link to Comps)
- Estimated Renovation Cost: $85k to $105k
2) Renovate the Property with Current Footprint (And still get some casita value)
- After-Renovation Value (ARV): $750k-$800K
- Estimated Renovation Cost: $55k to $70K
This will go FAST just like the other one I had in the same area last month!
No Bidding Wars with Full-Priced Offer (if Multiple Offers Have Not Been Received)!
Starting Price: $439,990 (44% of ARV)
Deposit: $7,500
PROPERTY IS BEING SOLD AS-IS, WHERE IS, AND BUYER IS TO PAY ALL CLOSING COSTS. NO REPRESENTATIONS WRITTEN OR ORAL ARE MADE CONCERNING THE PROPERTIES ABOVE. PRICE BASED ON AND REQUIRES A CASH OR PRIVATE/ HARD MONEY OFFER AND IS NET TO SELLER. NO CONVENTIONAL OR FHA FINANCING IS ACCEPTED UNLESS OTHERWISE INDICATED. ALL OFFERS ON PROPERTIES REQUIRE A $3,000 OR HIGHER, NON-REFUNDABLE EARNEST DEPOSIT AND HAVE AN AVERAGE 7 DAY CLOSE OF ESCROW. BUYERS TO DO THEIR OWN INDEPENDENT DUE DILIGENCE. INTEGRITY PRIME, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES MAKE NO GUARANTEES CONCERNING PROPERTY CONDITION, VALUE, CHARACTERISTICS OR FINANCIAL BENEFITS. NOT AN APPRAISAL. OFFERED BY DOUBLE-CLOSE OR ASSIGNMENT OF CONTRACT. BUYER MUST COMPLETE ALL DUE DILIGENCE BEFORE SUBMITTING AN OFFER AND EXECUTING ANY CONTRACT. DUE TO THE NATURE OF OUR BUSINESS TERMINATION OPTIONS / OPTION PERIODS CANNOT BE ACCEPTED. WE MAY NOT HAVE TITLE TO THE PROPERTY AND MAY PLAN TO HAVE TITLE AT A FUTURE DATE. IF WE DO NOT HAVE TITLE, WE ARE MARKETING OUR EQUITABLE INTEREST IN THE PROPERTY. THE EQUITABLE INTEREST IS AN EXECUTED PURCHASE AGREEMENT TO PURCHASE THE PROPERTY. INTEGRITY PRIME, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES DO NOT REPRESENT YOU OR ANY OTHER PARTY OTHER THAN INTEGRITY PRIME, LLC OR WHOLESALE PROPERTIES HOUSTON IN THIS TRANSACTION. EQUAL OPPORTUNITY HOUSING. NO PURCHASE NECESSARY TO WIN GIFT CARDS. MUST CLAIMED WITHIN 30 DAYS OF DRAWING. ONE OR MORE MEMBERS OR EMPLOYEES OF INTEGRITY PRIME, LLC AND/ OR WHOLESALE PROPERTIES HOUSTON ARE LICENSED REAL ESTATE AGENTS IN THE STATE OF TEXAS.