💥 RICHWOOD, TX 💥TurnKey Rental BELOW Market Value!

$160,000 • 3 Beds / 1 Baths • 1,240 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1
  • 1955
  • 1240
  • 15002
  • Attached Garage

Description

💥TURNKEY RENTAL💥 Richwood, TX - FULLY Renovated Rental Opportunity!

View Property Photos


Property Details:


Status: Vacant

📍 Address: 202 Burkett St, Richwood, TX 77531

🌆 County: Brazoria

🏡 Property Type: Single Family

🛏️ Bedrooms: 3

🛁 Bathrooms: 1

📏 Square Footage: 1240

📅 Year Built: 1955

🌳 Lot Size: 15,002 sqft


⚒️This Single Family property is located on a Large Corner Lot in the Davidson Slater Place Subdivision, Just off 288 with easy access. This property has undergone an extensive renovation. No expense was spared bringing this beauty back to life. The Kitchen includes all new cabinets with quartz countertops, subway tile backsplash and a new sink. The bathroom has been completely remodeled with the addition of a tile shower. Other renovations include: New Roof, Flooring, Interior and Exterior paint, New Sheetrock, New Energy Efficient Windows, New PEX Plumbing and all New Electrical and Plumbing Fixtures. The property has a 1 car attached garage as well as a detached 2 car garage. Below are some details of the majors that were observed during initial walkthrough.


HVAC: No issues observed

Electrical: Copper wires, no issues observed

Plumbing: No leaks observed

Foundation: No issues observed

Roof: No issues observed


Pricing Details:

💵 Asking Price: $160,000

💰 Minimum EMD: $3,000


Exit Strategy:

💵 The ideal exit strategy for this property would be to rent to a long term tenant. Rent rates in this area show that this property can rent out for around $1,800+/mo.



Buyer Guidelines for Purchasing:

-$3K EMD - non-negotiable.

-Buyer pays all closing costs.

-First Come First Serve at asking price.

-Site unseen offers welcomed, considered, and accepted.

-If a showing is scheduled, highest and best offers taken after showing.

-You miss 100% of the shots you don't take so be sure to submit an offer.

-Call/Text Jamie for more information: (409)223-7434 or jamie@strikezoneinvestments.com

Estimated Spread

  • ARV $205,000
  • Price $160,000
  • Spread $45,000