Bulk Wholesale Real Estate Opportunity
Package of 8 houses located in Waco, TX. These properties will be sold as-is and bundled together. See images below, along with estimates and recommendations for investment strategy. This is a perfect opportunity for a real estate investor that is looking to diversify their real estate portfolio. Each house has tenants and is generating rental income. Call (214) 643-8755 today for more information. We’ve included Zillow estimates to provide a very broad overview of value. We’re definitely experienced enough to know that any online estimates will not be enough to base investment strategies, but do serve as a decent litmus test. At the bottom of this page are some observations about this package deal.
1433 Springdale
3 bedroom, 1 bathroom single family home. 1,237 square feet built in 1948. This would make a great rehab property. A conservative estimate on rehab investment would be around $20,000, with an estimated after repair value (ARV) around $125,000. Of course, repair costs could be significantly less depending on how much work is contracted out versus performed by the owner. As it sits, the Zillow estimate is $90,966 (you should always run additional comps on any property, but Zillow is a good starting point for ballpark figures).
2124 Bosque
3 bedroom, 1 bathroom single family house. 1,524 square feet and built in 1915. Conservative estimate of rehab costs would be around $15,000, with an ARV around $89,000. Current Zillow estimate is listed at $72,461.
2318 Bosque
1,845 square ft duplex built in 1928, with two 1 bedroom, 1 bathroom units. Estimated rehab cost would be $20,000 with an ARV around $99,000. This property would either make a great rehab to sell to another investor who specializes in rentals, or to hold onto as a rental property. Since this is a duplex, there is no Zillow estimate, but this property should bring in between $60,000 – 65,000 from a rental investor.
3409 Speight Avenue
2 bedroom, 1 bathroom single family home. 966 square feet, and built in 1951. This is another potential rehab property, with an estimated rehab cost of $20,000 and an estimated ARV of $99,000. Current Zillow estimate is $58,635.
1600 Gurley Avenue
2 bedrooms, 1 bathroom single family home. 772 square feet, built in 1935. This property is a great owner-finance possibility with $3,000 – $5,000 down at $69,900 and no repairs. Zillow estimate is $56,059.
505 Powers Street
1,632 square ft duplex with 2 bedrooms and 1 bathroom. Another property that could either be used for rental income or as a rehab. Estimated rehab cost is around $20,000 with an estimated ARV at $99,000.
2405 Gurley Avenue
2 bedroom 1 bathroom single family home. 1,008 square feet, built in 1952. Another great opportunity for owner finance for $69,900 with $3,000 – $5,000 down payment, with no repairs. Zillow estimate is $55,120.
1003 South 22nd
2 bedroom, 1 bathroom single family home. 852 square feet, built in 1945. Owner finance for $69,900 with $3,000 – $5,000. Zillow estimate is $53,777.
Waco Wholesale (all 8 properties) – $400,000
We are looking to offload our Waco inventory, and don’t have the time to coordinate an out of town investment project. The conservative ARV on this bundle is over $630,000, with a total rehab investment of around $75,000. These are all conservative estimates, and a seasoned investor will likely only spend between $50,000 and $60,000 on total repairs. Conservative estimates put the potential profit over $150,000 if used as flips. Currently these properties are generating around $4,000 per month in rental income. It would be very easy to rehab one at a time while renting out the other properties.
This package would also make a great wholesale opportunity for an investor to buy the whole bundle and then sell them individually, with an estimated profit of $80,000 (without doing any repairs). We need to move them quickly, which is why they are available as a package deal. These properties will be sold in the next two weeks, so if you’re looking to make a great investment, call us at (214) 643-8755 and we’ll close quickly. The buyer will either need to purchase cash, or have prearranged financing. This is an amazing opportunity for an investor interested in a wholesale deal.
For questions email Joel@BrowderProperty.com, or call (214) 643-8755.