DFW REI Club

 Dallas/Fort Worth Real Estate Investor Club

Off market property 4702 Woodside Drive, Arlington TX 76013—revised to best offer situation

  • 07 Aug 2019 11:45 PM
    Message # 7817834

    This is the same property I had posted on July 30th, but instead of a fixed price, it has now become a best offer situation.

    ARV:  $290,000+

    Asking:  Seller is negotiating the equivalent of a short sale with her hard money lender.  The lender will consider any reasonable offer.

    Please call/text us in advance at (972) 793-0777 to confirm your attendance at our open house Saturday, August 10th from 2 pm to 5 pm.  We encourage you to bring your contractors with you to the open house to estimate repairs.  Highest and best offer submitted to us by 5 pm on Monday, August 12th will be presented to the hard money lender.

    Property details:

    Single family, 4 bed/3 bath/2 car attached garage, 2,386 square feet.

    Lot is 10,530 square feet.  Year built:  1973.

    Buyer pays all closing costs.

    Property Description:

    Off-market property in beautiful neighborhood with plentiful trees in one of the most desirable school districts in Arlington.  Property is vacant.  Market rent in the area is $1,910 per month.

    Seller painted interior and exterior, and put in new carpet and flooring.  Roof has been verified by professional roofer to be in good shape.  Outside AC unit is a few years old but looks brand new.

    To achieve maximum potential, rehab needed includes installing new vent hood to match appliances, kitchen updates including new countertops and refinishing/painting of cabinets, purchasing microwave, purchasing and installing light fixtures throughout the house, new cabinet for bathroom, master bath painted and other two bathrooms tiled and painted.  Foundation needs about 22 piers and 4 concrete break-outs.

    Area has very strong comps with house next door selling at $140/square foot.

    We have equitable interest in this property and are looking to assign our contract (i.e. wholesale) to an end buyer.  Call/text now if interested.


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