Key points: remodeled Jan. 2016, no closing costs (mere assignment of beneficial interests), selling at $45,000 & $80K estimated value.
Address: 2944 Fulton Street, Shreveport LA 71109 (3/2 - 1160 sq. ft.)
- Owned free and clear (no mortgage to assume or satisfy).
- Title held in a land trust, allowing control to be transferred through an assignment of the beneficial interest rather than a traditional real estate closing (as such, be sure to perform all your own legal & tax due diligence regarding this asset).
- Completely remodeled approximately six months ago.
- Based on seller analysis, there is potential to generate $500–$600 per month in cash flow as a rental or lease option.
- May be suitable as a flip or lease-option. Option fee estimate at this value for this market: $2,000–$3,000 (non-refundable).
- Trustee is looking for cash sale; no seller financing inquiries, please.
Whether you buy it as a buy-and-hold, a lease-option, or for resale, this debt-free property has upside potential, ease of acquisition & flexibility.
If you'd like additional information I will either answer or connect you with the property Trustee (Houston-based). We are happy to discuss the numbers with serious investors.
Michael Ennis, Place Prepared LLC (DFW contact)
Email: ennisllc@outlook.com Cell: 817-448-5535 (texts OK)
NOTE - I'm not collecting a wholesale fee, just helping the Trustee
