🏠🔌 🆕 Investor Alert: Incredible Opportunity in Spring– Priced to Sell Fast! Pending

  • $159999
  • 4 beds
  • 2 baths
  • 1566 sqft

🚨 Investor Alert: High-Potential Property in Spring, Texas – Priced to Sell Fast!

Discover the investment opportunity at 5515 Rivergate Drive, located in the desirable Greengate Place neighborhood of Spring, Texas. This four-bedroom, two-bath gem is listed at an unbeatable price of $169,999! Keep reading and you’ll find a long list of incredible comps that sold recently. This particular area is one of the busiest areas in the city right now. With UofH opening the new Med School recently, landlords are lining up to try and find a good rental. Investor’s all agree that they love the area because of the low property taxes with no HOA

🏷️Price: $159,999       📈 ARV: $250,000    💸  Rental Income: $2,300/month             🛠️ EST Repairs: $31,000 (FLIP) $25K (RENTAL)

Key  Highlights

🔨 Rehab Opportunity: A perfect fixer-upper, projected rehab costs are estimated at $39,100 to bring everything to top market condition for a flip but as a rental, you can get repairs done for 25k!

🏠 Majors: The roof is less than five years old, ensuring a solid overhead investment. Needs AC unit. Absolutely no foundation issues whatsoever. Very Straightforward rehab. Above ground pool is being removed prior to closing.

🏫 Excellent Schools: Positioned in a district known for outstanding educational institutions, adding significant appeal.

Low DOM (Days on Market): This hot neighborhood sees properties selling fast, perfect for a quick flip or rental.

This property is an investor’s dream, offering immediate equity potential and quick resale in a rapidly moving market. Don’t miss out on this underpriced opportunity to invest in Spring, Texas.


Comparable Properties

      1. 22415 Rockgate Dr. Houston,TX 77373

  • Sale Date: 3/25/24
  • Bedrooms/Baths: 3/2
  • Listed For: $249,000 ($151 sqft)
  • Distance: 0.2 miles
  • Remarks: Best comp, same square footage but ours is a 4 bedroom

      2. 5615 Circlegate Dr. Spring,TX 77373

  • Date Listed: 3/26/24
  • Bedrooms/Baths: 3-2
  • Sold For: $203,500 ($164/ per square foot)
  • Distance: 0.2 miles
  • Remarks: Newly Listed!

      3.22814 Paradise Gate Dr Spring,TX 77373

  • Sale Date: 12/1/23
  • Bedrooms/Baths: 3-2
  • Sold For: $205,000 ($164.00 per square foot)
  • Distance: 0.4 miles
  • Remarks: Sold in 19 Days with no updates. 300 sqft less than subject property.

      4. 22307 Rockgate Dr. Spring,TX 77373

  • Sale Date: 3/28/24
  • Bedrooms/Baths: 3/2
  • Sold For: $305,000 ($163 per square foot)
  • Distance: 0.2 miles
  • Remarks: Indicates strong market demand for renovated properties.

      5.  22406 Bellgate Ct. Spring,TX 77373

  • Sale Date: 2/21/24
  • Bedrooms/Baths: 3/2
  • Sale Price: $205,000 ($161/Sqft)
  • Distance: 0.2 miles
  • Remarks: 1,344 sqft living space.

 

      🔑 THIS PROPERTY WILL BE SHOWING NEXT WEEK. THE DAY/TIME WILL BE EMAILED TO OUR PREFERRED BUYER’S LIST. 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.

Contact us today to capitalize on this lucrative deal!

Price:
$159999
Address:
5515 RIVERGATE DR.
SPRING, TX 77273
Square Feet:
1566
Lot Size:
6600
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1975
Const. Type:
Slab

Call (877) TX-INVEST for more details

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