Project Description

Asking Price


1601 Edwards St. Midland, TX

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1601 Edwards Midland, Tx 79701

Asking Price: $109,000

Property Description

Big House in a prime Midland location!

3 bed 2 bath 1648 sq. ft. located in Barber Cole just of Big spring St.

AC and water heater only 2-3 years old! 2 living areas and a laundry room!

The Numbers
Estimated After-Repair-Value (ARV) $200,000
Asking Price ($109,000)
Estimated Repairs ($60,000)
Gross Profit Potential $45,000
Rent Estimate $2,000
Estimated Cap Rate 14%
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Property Photos

Facts and Features
Type Single Family Residence Garage 1
Year Built 1950 Roof Type Composition
Home Square Feet 1,648 Foundation Type Pier and Beam/Slab
Lot Size 0.199 acre; 8,668 sq ft Exterior Material Brick
Bedrooms 3 Number of Levels 1
Bathrooms 2
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
116 W Cuthbert Ave Midland 1720 239,900 106.41 5/28/2020
103 W Nobles Ave 1465 $211,500 144.17 11/19/2019
1507 N Weatherford St 1535 $175,000 114.14 2/18/2000
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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.