611 W Cuthbert Ave, Midland TX

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611 W Cuthbert Ave, Midland TX 79701

Asking Price: $79,000

Property Description

Talk about a diamond in the rough… perfect rental or flip opportunity! Outside is a bit rough but inside is surprisingly well. Needs roof, AC, siding, landscaping, and some interior cosmetics to bring it back to life! Worried about the busy street? Just a couple houses down on 604 & 600 Cuthbert sold for $197k and $200k.. Just a short walk to the duck pond (Wadley-Barron park) and Midland High!

The Numbers
Estimated After-Repair-Value (ARV) $180,000 (conservatively)
Asking Price ($89,000)
Estimated Repairs ($60,000)
Gross Profit Potential $30,000+
Rent Estimate $1,800
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Property Photos

Facts and Features
Type Single Family Residence Garage N/A
Year Built 1936 Roof Type Composition
Home Square Feet 1,371 Foundation Type Pier & Beam
Lot Size 0.170 Acres, 7,410 SF Exterior Material Siding
Bedrooms 2 Number of Levels 1
Bathrooms 2
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Comparable Homes – Sold Bed/Bath Square Feet Sold Price
411 Nobles Ave 3/2 1,131 $220,000
600 W Cuthbert 3/1 1,346 $200,000
604 W Cuthbert 3/1 1,188 $197,000
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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.