Dive into the lucrative Houston real estate market with this exclusive condo at 5050 Ambassador in the most sought after area of Houston, priced at $199,999. Situated in the prestigious Galleria area, this property is a goldmine for investors, offering a prime location across from the Hanover on Post Oak Boulevard.
📈 Market Resilience: This area is a stronghold of stability, anticipated to be one of the last to feel the effects of any downturn, making it a recession-proof investment.
Highlights:
⚡️Price: A competitive $199,999.
⚡️Location: Across from the Hanover, on Post Oak.
⚡️Potential (Win/Win): Other units have sold for over $320,000. As a rental, you’ll be on the equity fast-track but if you flip it you’ll have friends and family begging you to tell them how you were able to make such a huge return in such a short period of time!
⚡️Days on Market: A median of 50 days on market promises a quick turnover. It’s currently the quickest turn-around time for properties over $250K!
Investment Perks
☂HOA Coverage: All exterior maintenance and utilities, including TV, gas, and electric, are covered by the HOA.
🔨 Rehab Estimate: A contractor’s estimate of just over $20,000 for interior updates.
💵 Rental or Flip: An amazing rental opportunity or a substantial flip potential.
🎓 Top Rated Education Nearby: St. Anne Catholic School is a beacon of academic excellence in the Heart of Houston & Cullen College of Engineering: Renowned for its innovative and entrepreneurial environment
Exclusive Opportunity
🎟️ Limited Availability: One of the few condos available in this high-demand area.
🔑 Access: Showings by RSVP. Serious buyers only, proof of funds required.
🚫No Double Closing: We don’t typically Double-Close and closing costs are capped at 2% but we’ve yet to see a transaction where closing costs exceeded 1% with our exclusive title company! $5k EMD & POF once offer accepted.
💵 Financing Secured: Our Preferred Hard Money Lender Already Approved for 100% of Purchase Price and 95% of rehab! Total out of pocket is less than 10k!
📞 Contact Us: Questions? Call 877-TX-INVEST or send us an email at Sales@PropertyPlugTX.com.