Project Description

Asking Price

$125,000

Hill Ave. Midland, Tx 79703

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Hill Ave. Midland, Tx 79703

Asking Price: $125,000

Property Description

Permian Estates Prize Property!!

4 bedroom 1 bath house on the west side of Midland!! This house is pier & beam which would make adding a second bathroom much easier! Midland CAD shows 968 sq. ft. but walking the house feels like its actually 1300-1400 sq. ft. Roof is brand new, replaced on 4/28/2021!! Cosmetics will go a long way in this house!!

The Numbers
Estimated After-Repair-Value (ARV) $200,000
Asking Price ($125,000)
Estimated Repairs ($30,000)
Gross Profit Potential $45,000
Rent Estimate $1,650
Estimated Cap Rate 12%
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Property Photos

Facts and Features
Type Single Family Residence Garage N/A
Year Built 1952 Roof Type Composition
Home Square Feet 1,500* Foundation Type Pier & Beam / Slab
Lot Size 0.163 acre; 7,080 sq ft Exterior Material Siding
Bedrooms 4 Number of Levels 1
Bathrooms 1 * = Tax rolls states 968 but previous owner says closer to 1500
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date Days on Market
4000 Monty Dr.
1,348 $204,900 $152 09/15/20 3
407 Sprayberry Dr. 1,377 $199,000 $144 02/12/21 6
3909 Cedar Springs Dr. (not updated) 1,405 $189,900 $135 12/09/20 1
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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.