UNDER CONTRACT

$203,000

3634 Imperial Ave, Midland TX

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3634 Imperial Ave, Midland TX 79707

Asking Price: $203,000

UNDER CONTRACT

 

Property Description

Great Bones! Perfect Flip Opportunity in Midland. This 2,364 square foot, 3 bedroom, 2 1/2 bath home with a 2 car garage is located on a corner lot. This home has 2 living, 2 dining, & oversized bedrooms. Home has a water well that is for yard use only. Walking distance to Rusk Elementary and Lee High School. Needs a good clean, moderate cosmetic overhaul, but has plenty of profit potential.

 

The Numbers
Estimated After-Repair-Value (ARV) $338,000
Asking Price ($203,000)
Estimated Repairs ($50,000)
Gross Profit Potential $85,000
Rent Estimate $2,500
Estimated Cap Rate 10-12%
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Property Photos

Facts and Features
Type Single Family Residence Garage 2 Car, 460 SF
Year Built 1963 Roof Type Composition
Home Square Feet 2,364 Foundation Type Slab
Lot Size 0.287 Acres, 12,500 SF Exterior Material Brick
Bedrooms 3 Number of Levels 1
Bathrooms 2.5
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Comparable Homes – Sold Square Feet Sold Price Price Per SF
3801 Suncrest 1,989 $249,900 $148
3617 Imperial Ave 2491 $351,000 $140
4216 Greenbriar Dr 2,255 $324,000 $143
3607 Hyde Park Ave 2,050 $289,000 $141
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DISCLAIMER: House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the property above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Investidom and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Investidom may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.