$119,900 Property Type : Single Family Home

More Information

This home is on the corner of Jupiter and Rupley in Gaston Park.  It was originally a two bedroom, one bath home with a garage.  The garage has been converted, and a small add on behind it makes the home a three bedroom, two bath.  I believe the maximum retail value would be almost $200,000.  The foundation on the main home seems level, but the add on where the second bath is needs to be adjusted.

The rest of the home needs cosmetic updates, but the home seems to have good bones otherwise.  At the moment, there is no central heat or air.  There are operable window units and a central heating unit.  I believe to make the property rent ready, it would cost about $20,000.  To me, I believe the highest and best use of the property would be to owner finance it as is, and allow the new occupant to do the repairs themselves, since it is move in ready the way it sits now.

My opinions:

Rent:  $1,200 – $1,300 per month
ARV:  $170,000
RealAVM:  $174,400
Zestimate:  $201,644

Asking: $119,900

 

 

Property Details
After Repaired Value $170,000
Estimated Rehab $20,000
Price $119,900
Bedrooms 3
Bathrooms 2
SqFt 1,339
Year Built 1950
City Dallas
Contact Information
Phone Number 2146071227
Contact Name Tim Herriage
Date Listed April 13, 2019
Status Available
Walk Score 58
Property Address 11408 Rupley Lane, Dallas, TX, 75218
Terms Cash, Hard money, or Bank financing
Subdivision GASTON PARK
Area Northeast Dallas
Estimated Rent $1,250
County Dallas County
State Texas
Postal code 75218