Project Description

Asking Price


Story  Ave. Midland Tx 79701

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Storey Ave. Midland, Tx 79701

Asking Price: $87,500

Property Description

2 Bed 1 Bath House right in the center Midland Near Memorial Stadium!! This 2/1 home has a a spacious living room and a large bar area that could be easily converted back into a bedroom!! Also has a 400 sqft detached efficiency!! This house has a ton of curb appeal and is in a Great Family neighborhood!! The Average days on  market for the three Comps below is less than 10 days!!

The Numbers
Estimated After-Repair-Value (ARV) $200,000
Asking Price ($87,500)
Estimated Repairs ($60,000)
Gross Profit Potential $52,500
Rent Estimate $1,500
Estimated Cap Rate 12%
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Property Photos

Facts and Features
Type Single Family Residence Garage Detached, 484 sq ft*
Year Built 1951 Roof Type Composition
Home Square Feet 1,380 Foundation Type Pier & Bean
Lot Size 0.232 acre; 10,105 sq ft Exterior Material Brick/ Siding
Bedrooms 2 Number of Levels 1
Bathrooms 1 * If salvagagble
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
809 W Michigan 1548 $236,000 $152.45 7/27/2020
505 Estes 1536 $220,000 $143.22 10/2/2020
103 Ridglea 1544 $207,500 $134.39 1/15/2021
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Anthony Rubio @ 432-254-4256


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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.