🏠🔌 The Property Plug is proud to bring you another incredible investment opportunity in the university area. Nestled in the sought-after South Union neighborhood, 6722 New York Street, Houston, Texas, presents a golden opportunity for savvy investors. This ideally located property, just steps from major roadways 288 and 610, offers unbeatable convenience and high demand. With a two-bedroom, one-bath setup and the unique potential to expand by converting the detached garage into a spacious 3-2, the options are vast. Whether you opt to maintain it as a rental or embark on a profitable flip, this property is poised for success. Priced to sell quickly at $94,999 amidst a bustling area, this investment won’t last long. Act fast to secure this prime property today!
🏷️Price: $94,999 📈 ARV: $185,000 🛠️ EST Repairs: $29,000
Comparable Property: (Without Garage Conversion)
- 6802 Paris Street, Houston, Texas
- Sale Date: February 14
- Bedrooms/Baths: 2-1
- Sold For: $152,000
- Distance: 0.1 miles
- Built In: 1950
- Remarks: Almost an exact match to the subject property (“deadbolt comp”), albeit in slightly better condition. Demonstrates that even without conversion, a 2-1 can fetch $152,000, underscoring the investment potential of the subject property.
Comparable Properties (Converting Detached Garage):
- 6810 Calhoun Road, Houston, Texas
- Sale Date: August 10
- Bedrooms/Baths: 3-2
- Sold For: $221,000
- Distance: 0.2 miles
- Remarks: Shares similar lot size and square footage, highlighting its quick sale and market desirability.
- 6611 Paris Street, Houston, Texas
- Sale Date: November 2023
- Bedrooms/Baths: 3-1
- Sold For: $161,000
- Distance: 0.2 miles
- Remarks: Close proximity and price point suggest strong market for renovated properties.
- 6834 New York Street, Houston, Texas
- Sale Date: Just Listed
- Sold For: $260,000
- Square Feet: 1,500
- Built In: 1946
- Remarks: Indicates high activity and interest in the area, especially for older, well-maintained homes.
🔑 THIS IS A FIRST COME,FIRST SERVE SO CALL ASAP TO SCHEDULE ACCESS. PLEASE BE PREPARED TO PRESENT CURRENT POF (PROOF OF FUNDS)
🌱 Commitment to Wealth Building: At The Property Plug™, we’re dedicated to growing alongside our clients. As investors ourselves, we grew tired of being promised 70% deals, only to discover they’re closer to 90 or 95% after factoring in closing costs and inaccurate ARVs & comps. That’s precisely why The Property Plug™ was created. Our deals are underpinned by accurate ARVs and comps because we believe that as we build your wealth, our business will naturally flourish alongside it. Trust in The Property Plug™ for unparalleled transparency and authentic investment opportunities. Our primary aim is to build and enhance your wealth, setting us distinctly apart in the marketplace. We offer deals by investors, for investors, fostering a community of success and prosperity. Join us at The Property Plug™, where your investment dreams become a reality.
Disclaimer: The Property Plug™ facilitates introductions to contractors and provides recommendations based on past experiences and professional relationships. However, clients acknowledge that The Property Plug™ is not responsible for the performance, reliability, or quality of work of any contractor. The client agrees that The Property Plug™ is not liable for any direct, indirect, incidental, or consequential damages that may arise from the work performed by contractors. It is the client’s responsibility to perform their due diligence and agree to terms directly with any contractor.