🏠🔌 Incredible Med-Center (Southcrest) First Come, First Serve Flip/Rental Opportunity! For Sale

  • $129,999
  • 3 beds
  • 1 baths
  • 1174 sqft

Unlock a prime investment opportunity in the heart of Houston’s Southcrest neighborhood. This well-maintained 3-bedroom, 1-bathroom single-family home spans 1,174 square feet on a generous 6,572 square foot lot. Built in 1949, this property combines historical charm with significant potential for renovation and value addition. This property is located in one of, if not the hottest area of Houston making it ideal for investors looking for a lucrative yet quick opportunity. It’s proximity to the Universities, major highways, and shopping centers contribute to the low DOM here!

🏷️ Asking Price: $129,999     📈 ARV: $210,000

🛠️ EST Repairs: $35,000 (Cosmetic upgrades, All Majors in good condition)

Key Features:

  • Strategic Location: Nestled in the heart of Med-Center South, this property benefits from proximity to major highways, retail centers, and universities, ensuring convenience for tenants and promising high demand. 🗺️
  • Expansive Lot: With a generous lot size, there’s ample space for development, expansion, or additional revenue streams such as multi-family units, commercial spaces, or recreational facilities. 🌳
  • Income Potential: Whether you’re looking to flip for a quick profit or establish a long-term rental income stream, this property offers versatility to cater to various investment strategies. This is one of if not the hottest Rental Area in HTX!  💰
  • Growing Market: The Med-Center/University Area is experiencing rapid growth and increasing property values, making it an ideal environment for savvy investors seeking lucrative opportunities. 📈
  • The Property Plug Advantage™: As a bonus, investors partnering with The Property Plug™ gain access to expert guidance, exclusive deals, and seamless transaction support, maximizing your investment success. 🤝
  • NO Double Closing: We believe in transparency and saving you money. We do not double-close; instead, we use a single closing process to ensure you see the full transaction details and save on unnecessary costs. Wholesalers often double-close to hide the sales price, but with us, everything is clear and straightforward.☝️

 

Comparable Properties

 

5906 Van Fleet Street

  • Date Listed: April 10, 2024
  • Details: 3 beds, 2 baths
  • Sold Price: $290,000 ($181.82 per sq. ft.)
  • Distance from Subject: 0.5 miles
  • Remarks: Larger home with more amenities, influencing the higher sale price.

 

6721 Kassarine Pass Houston, TX 77033

  • Sold: March 11, 2024
  • Details: 3 beds, 2 baths
  • Sold Price: $203,000 ($152.49 per sq. ft.)
  • Distance from Subject: 0.4 miles
  • Remarks: Recently renovated, modern updates.

 

6035 Southmont  Houston, TX 77033

  • Under Contract: May 6th, 2024
  • Details: 4 beds, 2 baths
  • List Price: $265,000 ($184.80 per sq. ft.)
  • Distance from Subject: 0.5 miles
  • Remarks: Under contract, updated interiors, spacious layout.

 

6410 Kassarine Pass Houston, TX 77033

  • Under Contract: May 13th, 2024
  • Details: 3 beds, 2 baths
  • Sold Price: $178,400 ($168.30 per sq. ft.)
  • Distance from Subject: 0.4 miles
  • Remarks: Well-maintained, competitive pricing

 

 

🌱 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.

 

Price:
$129,999
Address:
5914 Southcrest St.
HOUSTON, TX 77033
Square Feet:
1174
Lot Size:
6577
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1949
Const. Type:
Concrete Slab

Call (877) TX-INVEST for more details

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