114 W Ohio Ave
Dallas, TX 75224

ARV: $243,000
Repairs: $165,000
Price: $40,000

Description:
This residential lot is located in the South Cliff Heights subdivision and will make a great opportunity for new construction. The lot measures 40' of street frontage and 141' deep with the back 40' of the lot being 9' wider. Total lot size estimated at 5,946 SqFt.
Close to the intersection of I-35E and Illinois Ave with numerous new construction sales in the immediate area and only 1 Active new construction listing (that is slightly overpriced)

Repairs:
We estimate around $165,000 to build a new house on this lot.

Value:
Similar lots in this area are selling in the $60k range with one Active listing at $68k. This is a real bargain!
The new construction sales in the area average around 1,780 SqFt and the average sale price is $243,000. There were 7 sales within the last year within a half mile radius.

Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $3,000 deposit will be required unless other arrangements are agreed.