Project Description

Asking Price


1407 N Lee Ave. Odessa, Tx 79761

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1407 N Lee Ave Odessa, TX

Asking Price: $69,000

Property Description

2 for 1 Investment Opportunity In Odessa!!

This property includes a 744 sq. ft. home and an 840 sq. ft. Mobile home Near Downtown!! The Mobile home rehab is nearly complete just needs some finishing touches!! Both bedrooms in the front house are quite spacious!

The Numbers
Estimated After-Repair-Value (ARV) $150,000
Asking Price ($69,000)
Estimated Repairs ($40,000)
Gross Profit Potential $50,000
Rent Estimate $2400
Estimated Cap Rate 20%
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Facts and Features
Type Single Family Residence Garage N/A
Year Built 1954 Roof Type Composition
Home Square Feet 744 Foundation Type pier & beam
Lot Size 0.2608 acre; 11,360 sq ft Exterior Material siding
Bedrooms 2 Number of Levels 1
Bathrooms 1
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
2102 W 7th St 816 $120,000 $147 2/14/20
1403 W 19th St 1100 $138,500 $125.41 2/21/20
2103 W 8th St 992 $125,000 $126.4
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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.