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Posted: Thursday, November 30, 2017 9:35 AM

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What's it Worth?
- On the MLS in the last 90 days, there was only 1 sale in the same subdivision (Heritage Heights Addition) and a 1,308 square foot house sold for $93k--which is $71.79/sq foot. This is significantly smaller than the subject property and it is a HALF DUPLEX so it does not make a good comp. If you go out 365 days and .25 mile in this same subdivision, you get some better comps. I think the best comp is MLS # 13614022, which was built in 1979 (3 years older than our subject property) and is a brick 3/2/2, 1,951 square foot (similar to subject property) that sold for $172,900 on 8/8/2017. It went for $88.62/sq ft. So, at a measly $85/sq foot when fixed up, that'd value this property at $157,250. So we'll put the ARV at $155,000 to be conservative.

DESCRIPTION:
OFF MARKET BRICK 3/2/2, 1982 BUILD, TURN-KEY RENTAL! This house is extremely clean and has been well maintained. Property is leased at $1085/mo through July 2018. Buy, hold for one year then possibly sell to capture equity and appreciation of market. Central location for anyone working in Fort Worth or Arlington, low maintenance and the right price makes this a solid investment.

***GROUP SHOWING THIS FRIDAY, DECEMBER 1ST AT NOON*** RSVP via email or text

We will be holding a group showing at this house, date TBD. Please email and include your full name and phone number, for the showing date and time or for more information. Thank you!

Please do not visit property or disturb the tenants.

* Agents, please add your fee to the asking price.

ESTIMATED REPAIRS:

- Pros- New HVAC, roof is good, small cracks in brick mortar on one side, but no major foundation issues, no holes in the wall, minor touch up paint needed and solid surface floors throughout. All appliances in working order.
- Cons - The house is simply dated, has formica countertops and the fixtures could be updated.

FINANCIAL DATA:

Estimated Sale Repairs: TBD by buyer
Estimated Rent Repairs: $0-$1,000

Estimated Rental Rate: $1250-$1450

Tax Value: $113,522

Real AVM: $159,124

Estimated ARV: $155,000
Asking Price: $119,000

Closing Date: On or before December 14, 2017 with Adelia Homes, LLC

Verifiable Cash or Approved Financing Only
$5,000 Non-Refundable Deposit
Buyer is Responsible for All Closing Costs
Property Will be Sold As-Is

Want to be added to our BUYER'S LIST to receive discounted property deals? Check out www.adeliadeals.com

Notices and Disclosures

1. Adelia Homes, LLC is selling an option or assigning an interest in a contract and does not represent, warrant or claim to be the owner of or currently possess legal title to this, or any of the properties we market for sale.

2. You must verify all information provided independently. Any estimates given or information provided are for real estate investors' convenience, who must verify all numbers independently. Adelia Homes, LLC or its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates to the recipient of this information.

3. Do not enter the property without the consent of Adelia Homes, LLC.

4. Representation. Adelia Homes, LLC is a real estate investment firm and does not claim to be licensed real estate brokers or agents.

5. Property will not be considered under contract until signed contract and deposit received with all contingencies removed.

6. Risk of loss: Real estate is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.

7320 Fredricksburg Dr Forest Hill, TX, 76140    google map | yahoo map

Bedrooms: 3

• Location: 7320 Fredricksburg Dr, Forest Hill, TX 7, Fort Worth

• Post ID: 72075997 fortworth
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