1614 Elsie Faye Heggins St
Dallas, TX 75215

ARV: $302,068
Repairs: $155,000
Price: $56,000

Description:
This vacant lot is located in the Hatcher Street Heights subdivision with all utilities available. This is a 50x105 (5,249 SqFt) lot zoned PD 595 D(A) (PD 595 is a residential zoning district in South Dallas/Fair Park, D(A) is Duplex Subdistrict). Since the lot is less than 6,000 SqFt you can only build a single family residence and not a duplex.
This area is absolutely booming with new construction!

Repairs:
New home construction. The lot is already platted with all utilities available as there was a house previously built and then demolished on this land.

Value:
Of the 13 most recent new construction sales within 0.5 miles, the average size of 1,544 SqFt on lots no wider than 51' (this lot is 50') sold for an average of $302,000 (98.7% of list price) with an average of 57 days on market. With an average build cost of $155,000 there is $100,000 of profit to be made!

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.

Feel free to drive by and inspect at your convenience.