$159,000 Property Type : Single Family Home

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MLS Number: 14039763

Investment Opportunity – priced below market value for quick sell! Good bones -foundation repaired with lifetime warranty. Cosmetic repairs needed include paint, floors, hardware, light fixtures, tub re-surface. The cracks in the at the house were there prior to the foundation repair and were never corrected after. Lots of potential – large yard on corner lot near elementary school. Could be great rental property- rental comps in transaction center along with foundation warranty information.

Irving, Texas according to Wikipedia:

Irving is a principal city in Dallas County in the U.S. state of Texas and it is also an inner ring suburb of the city of Dallas. According to a 2017 estimate from the United States Census Bureau, the city population was 240,373[9] making it the thirteenth-most populous city in Texas and 93rd most populous city in the U.S. The city of Irving is part of the Dallas–Fort Worth metroplex.

Irving includes the Las Colinas community, one of the first master-planned developments in the United States and once the largest mixed-use development in the Southwest with a land area of more than 12,000 acres (4,856 ha). Las Colinas is home to the Mustangs at Las Colinas, which is the largest equine sculpture in the world, as well as many Fortune 500 companies, such as ExxonMobilKimberly-Clark and Fluor Corporation. In January 2011 the city completed the Irving Convention Center at Las Colinas and continues to develop the area into a mixed-use complex, including a special entertainment district.

 

We find most investors in the Dallas/Fort Worth area evaluate this type of property as a rental opportunity or an owner finance prospect.

According to the NTREIS MLS Area Housing Activity Report, Compiled for North Texas Real Estate Information System by the Real Estate Center at Texas A&M University, Irving is one of the top MLS areas in the DFW area.

Sales Closed by Area, Ranked by Hotness for: February 2019 Single Family

Area       Area Name  Hotness Ratio*  Pending  Sales    Sales DOM  Active Listings  Months Inventory
26           Irving           50.7                   105         102      59                207                    2.0

 

Here is a video of the property.

You can view other properties in Dallas County here, or search by map here.

 Courtesy of Jennifer Raney Herriage, Keller Williams Rockwall

© 2019North Texas Real Estate Information Systems, Inc. All rights reserved.

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Rockwall shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Property Details
After Repaired Value $210,000
Estimated Rehab $20,000
Price $159,000
Bedrooms 3
Bathrooms 2
Garage 2
SqFt 1,484
Year Built 1959
City Irving
Contact Information
Phone Number 9728143612
Contact Name Jennifer Herriage
Date Listed March 15, 2019
Status Available
Walk Score 52
Property Address 518 Staffordshire Drive, Irving, TX, 75061
Terms Cash, Hard Money, Conventional, or bank financing
Subdivision Wedgewood 01
Area 183 and Beltline
Estimated Rent $1,600
County Dallas County
State Texas
Postal code 75061

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