West Plano, Tx., 75025 – Full Duplex

[Randy Quay]

Please contact Randy Quay directly:
[email protected]
http://www.homewoodproperties.com
214-586-4000

Please email me and provide your full name and phone number, for the showing instructions, or for any additional information. Thank You!

Address
*2316 Promontory Pt.
Plano, Tx. 75075
(River Bend North Subdivision)
Collin County

The Numbers
Estimated ARV – $500,000
Estimated Retail Repairs – $20,000
Estimated Market Rent – $3,200
Estimated Rent Repairs – $10,000
Price – $395,000 *

* This is an assignment transaction. We have this property under contract, giving us an equitable interest in the property, and we are assigning that interest to a 3rd party.

Requirements
Cash or hard money only
$5,000 non-refundable deposit
Buyer pays all closing costs
Property to be sold as-is
Title is already open and won’t be moved
Close Date: 11/7/17

Please Do Your Own Due Diligence Before Signing Contract

Details
Side A – 3 Bedrooms / 2 Bathrooms / 2 Car Garage – 1,595 sf
Side A – 2 Bedrooms / 2 Bathrooms / 2 Car Garage – 1,626 sf
Living sf – 3,221 for both sides
Lot sf – 11,986
Yr Built – 1986
Slab
Brick
Fireplace
Large corner Lot

The 2/2/2 side is vacant.

The 3/2/2 side is currently rented at well below market rent of $1,200. Buyer must agree to a verbal agreement with the existing tenant at tenants discretion. Tenant will either go month to month for 3 months at $1,700 per month, or they will be month to month at the existing $1,200.

Repair Estimates
NEEDS:
Minor Kitchen, Bathrooms, Flooring, Paint, Misc.
TOTAL Estimate of $20,000 for resale, $10,000 for rental.

[Author]

Posts