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New Irving Wholesale Property |
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Description
3923 Frisco Ave
Irving, TX 75061
ARV: $1,100,000
Repairs: $572,000
Price: $215,000
Description:
This property is located in the Collins Place subdivision and is being sold for land value. There is an existing 2 bed 1 bath house that we consider has little value and should be demolished to build new construction home(s).
The survey will show that the land is 2 separate lots and could be separated into 2 addresses in order to build 2 houses and still have each around 0.45 acres.
Currently the land is 0.91 acres measuring 130' x 308' which is more than enough for 2 single family homes.
Repairs:
New construction and demolish existing home.
Value:
There are very few new construction homes in this area due to the lack of available land in Irving. Searching out to 3/4 mile radius you will see 3 new construction homes that sold in the past 6 months ranging from $400k - $498k and all 3 on small lots. With the land that comes with this property, $550k would be easy!
Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $8,000 deposit will be required unless other arrangements are agreed.
Feel free to drive by the lot, we do not have access to the house.
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Features
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Wholesale Properties Must Be Purchased With Cash Or Hard Money.
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"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."
