🏠🔌 Wilcrest Condo Goldmine! Incredible Investment Opportunity!
Priced to Sell FAST! Now Available — First-Come, First-Serve!
This is the type of property that in 10 years if you didn’t buy one, you’ll be kicking yourself every time you pass it and painfully watch as properties are sold for exuberant amounts of money! You want to be the investor that was ahead of the curve and anticipated where the market was going to be! We’re offering an unbeatable opportunity to own one of seven turnkey apartments in the highly desirable Wilcrest Apartment complex. The majority of these units are already cash-flowing with a few units already having reliable long-term tenants, offering immediate income potential! After starting with 12 units last week, we’re down to 7 as of this now—so don’t wait to act! It is our belief that due to it’s incredible location, these units are poised to skyrocket in value. Most investor’s are doing minor updates (paint,carpet) while the tenants are at work or we’ve seen a few place the tenants in a nearby hotel for a few days while work is completed.The circumstances that led to us securing such a great deal involves the previous HOA. They faced “challenges” managing COVID-related funds while collecting rent so Uncle Sam intervened and removed the issue. There is now a new, transparent HOA tasked with selling units with the goal being that these funds will help offset the costs of a complete exterior overhaul that includes: new roofs, paint and siding, & landscaping. A few buildings are already completed & they are completing an average of 1 building per month. There are also 3 full time maintenance crew that live on site making any repairs/issues quickly resolved. As an owner you’ll have access to their app that allows you to monitor 40+ security camera’s 24/7, the capability to monitor the HOA’s accounts/spending, and even schedule service requests.
🏷️ Unit Price: $39,999 (2bd/1ba) , $44,999 (2bd/1.5ba)
(All units have already been pre-approved with our preferred lender with total cash due at closing under $7,000!)
📈 ARV: $95,000+ 🛠️ Est Repairs: Less Than $4,000
All are rent ready & 5 of 7 are occupied with paying tenants (Cosmetic updates/minor repairs,all majors in good condition. A complete scope of work is available upon request)
Units Available (As of 1/16/25)
Rehab Estimate: Less Than $4,000 (Optional Updates—Rent Ready As-Is!)
1. 8323 Wilcrest Dr #8002
🛏️ 2 Bedrooms | 🛁 1 Bathrooms | 📐 834 Sq.Ft.
Asking Price: $39,999
2. 8323 Wilcrest Dr #8006
🛏️ 2 Bedrooms | 🛁 1 Bathrooms | 📐 888 Sq.Ft.
Asking Price: $39,999
3. 8323 Wilcrest Dr #4010
🛏️ 2 Bedrooms | 🛁 1.5 Bathrooms | 📐 1,018 Sq.Ft.
Asking Price: $44,999
4. 8323 Wilcrest Dr #17003
🛏️ 2 Bedrooms | 🛁 1 Bathrooms | 📐 952 Sq.Ft.
Asking Price: $39,999
5. 8405 Wilcrest Dr #17004
🛏️ 2 Bedrooms | 🛁 1.5 Bathrooms | 📐 952 Sq.Ft.
Asking Price: $44,999
6. 8405 Wilcrest Dr #3012
🛏️ 2 Bedrooms | 🛁 1.5 Bathrooms | 📐 1,000 Sq.Ft.
Asking Price: $44,999
Features & Highlights
🏆 Perfect Location
•Just 6 minutes from the Galleria and minutes from Beltway 8, Highway 59, and Westpark Tollway.
•Convenient access to local shopping, dining, and entertainment.
🛠️ HOA Benefits & Renovations
•The HOA is managing everything for owners, providing a stress-free experience.
•Complete exterior rehab in progress, including new paint, siding, AC units, and roofs.
•Monthly HOA fee of appx $242 covers all exterior maintenance, including roof repairs, painting, and landscaping, as well as all utilities except electric & internet.
📈 High Rental Demand
•Average rents range from $1,050 to $1,200/month.
•Waiting list of tenants ready to move in to any available unit.
•More than double the 1% Golden Rental Rule, ensuring an exceptional return on investment.
💼 Investment-Ready
•Rental Ready with fresh paint, new tile flooring downstairs, updated laminate upstairs, and new appliances.
•Spacious living and dining areas filled with natural light.
📊 Transparent & Secure Management
•Under new management with a full-time on-site maintenance crew of 3 workers.
•24/7 security and remote access to over 40 cameras for owners.
•The HOA provides full transparency by allowing owners access to financial records at any time.
Why Invest?
This community is poised for significant value appreciation over the next 1-3 years. Whether you’re looking to flip, rent, or occupy, this property offers unparalleled potential for cash flow and equity growth.
Don’t wait! Properties like this don’t last long. Contact us today to learn more and secure your investment before it’s gone!
Top Comparable Sales
•Sold For: $90,—
•Sale Date: September 24th, 2024
•Details: 2 beds, 1.5 baths, Clean, not updated
•Sold For: $105,001 – $120,000
•Sale Date: July 19th, 2024
•Details: 2 beds, 1.5 baths, Recently upgraded with mediocre finishes.
•Sold For: $75,000
•Sale Date: June 28th,2024
•Details: 3 beds, 2.5 baths, 1,292 sqft. Not updated
•Sold For: $48,000
•Sale Date: December 11th,2024
•Details: 2 beds, 1 bath, 834 sqft. No updates, repairs required, upstairs with inconvenient location
🔑 ACCESS: This is a FIRST-COME, FIRST-SERVE opportunity. Call ASAP to schedule a walk-through. Be ready to present current proof of funds—this deal won’t last!
🌱 Commitment to Wealth Building: At The Property Plug™, we’re dedicated to your success. As investors ourselves, we understand the value of transparent deals and accurate ARVs. We offer unparalleled opportunities for our clients to build wealth through strategic real estate investments.
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. It is the client’s responsibility to perform their due diligence and agree to terms directly with any contractor.