💵💰💵 PROFITABLE FLIP IN DESIREABLE MCALLEN NEIGHBORHOOD- FUNDING AVAILABLE!!! 💵💰💵

Description

💵💰💵 $175,000+++ Gross Spread 💵💰💵

One of McAllen’s most sought after neighborhoods with the most sought after schools (Milam Elementary & Morris MS). Great fix & flip or fix it and keep it as a long-term rental that will always be in high demand. Large lot with huge backyard. Mature, beautiful live oak tree in front yard and multiple citrus trees in the back yard.

Comparable Sales (ARV of $360K to over $450K depending on quality of rehab done):

1419 W Jonquil Ave.- Sold for $180 p.sq. ft. (Equiavalent Value = $463,680) Sold on 6/8/2023
1400 Whitewing Ave.- Sold for $180 p.sq. ft. (Equiavalent Value = $463,680) Sold on 1/21/2024
1415 Marigold Ave.- Sold for $157 p/ sq. ft. (Equiavalent Value = $404,432) Sold on 10/19/2023
3008 Royal Palm Circle- Sold for $154 p/sq. ft. (Equiavalent Value = $396,704) Sold on 6/13/2023
1500 Orchid Ave.- Sold for $152 p/sq. ft. (Equivalent Value = $391,552) Sold on 6/25/2023
1017 Orange Ave- Sold for $147 p/sq.ft. (Equiavalent Value = $378,672) Sold on 9/25/2023
1318 La Vista Ave.- Sold for $139 p/sq. ft. (Equivalent Value=$358,064) Sold on 8/17/2023

House needs a full cosmetic remodel, roof, siding, AC, facia, etc… Foundation is good. Windows have been replaced (one is broken). Flooring and walls are fine. Plywood roof decking is good.

Rehabber has the option to create a large master suite addition on the first floor be expanding interior living space out through the backyard covered patio.

Prospective purchasers are encouraged to conduct their own investigation regarding this property. It is essential to independently verify all provided information.