4913 Panola Ave, Fort Worth, Texas, 76103 - ACTIVE
New Fort Worth Wholesale Property
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Asking Price: $79000
ARV: $182,000
Repairs: $49000
Type: Single Family
4 Beds |
1.5 Baths
Living SQFT: 1,316
Lot SQFT: 20,000
Covered Parking: 1
Year Built: 1951


Additional Information

Description

4913 Panola Ave
Fort Worth, TX 76103

ARV: $182,000
Repairs: $49,000
Price: $79,000 (was $95,000)

Description:
This property has 2 single family homes on the same lot and are located in the Horne J L subdivision on a HUGE 0.45 acre lot! This will make a great buy & hold opportunity for this area of Fort Worth! The main house is a 4 bedroom with 1 full and 1 half bath while retaining a 1 car garage, the large back porch was enclosed to add the additional 2 bedrooms and 1/2 bath. The back house was originally a 2 car garage that was partially converted to living space with electric and plumbing and has 1 bedroom and is plumbed for 1 bath. **UPDATE** There are beautiful hardwood floors underneath the 80's carpet!

Repairs:
The main house has a 1 year old roof and will need the HVAC replaced along with some foundation repair and a cosmetic update. The back house will need to be finished out with drywall, install toilet and bath tub, install some kitchen cabinets, new windows will need to be cut out and installed and optionally seal up the garage door on the side.

Value:
We primarily looked at the value of the main house, the comparable sales show this house could sell for upwards of $152,000 and then we gave another $30,000 of value to the back house for a total of $182,000 after repairs are complete. The rent comps for the main house come in at **UPDATE** $1,400/mo (previously $1,200) and the 1/1 in back should bring an additional $400/mo for a total of **UPDATE** $1,800/mo (previously $1,600)!

Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $5,000 deposit will be required unless other arrangements are agreed.

Contact us today for showing instructions.


Features


Wholesale Properties Must Be Purchased With Cash Or Hard Money.


Jon
Phone:     817-753-2577
Email:       Jon@homebuyerscomplete.com
"Home Buyers Complete does not claim to be the owner of all of the properties for sale. If we are not the owners then we simply have an equitable interest in the property. Home Buyers Complete is a real estate investment firm and does not claim to be licensed real estate agents or brokers."

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