A Pre-Boom - 77009 Hot Builder Deal 19,260 SQFT of Land501 & 505 Marie St. Houston,TX. 77009 2113 & 2115 Keene St. Houston, TX. 77009 $495,000ASKING PRICE DEAL DESCRIPTIONCorner lots located a walk away from the Metro Rail.This is a perfect opportunity to pick up buildable land at Way below Market Value.$25.7/SQFT to be Exact!There is currenlty a minimum lot Ordinance of 4500SQFT in Progress, which means that decently Lot Sized SFHs would be one of the exit strategies.The best Comps for this scenario vary depending on quality of build out and construction and are the following:2108 Fletcher St Houston TX 77009 - Sold for $265/SQFT - MLS #13407725304 Hogan St Houston TX 77009 - Sold for $185/SQFT - MLS #36471233After Repaired Value at $225/SQFT$2.25MPROPERTY DESCRIPTION501 & 505 Marie St Houston TX = 9,900sqft2113 & 2115 Keene St Houston TX = 9,360 sqft REPAIRS DESCRIPTIONBUILD NEW at $100/SQFT = $1,000,000or Perform a High End Rehab on Current Structure COMPARABLE SOLD SALES2108 Fletcher St Houston TX 77009 - Sold for $265/SQFT - MLS #13407725304 Hogan St Houston TX 77009 - Sold for $185/SQFT - MLS #36471233Estimated Gross Profit$2.25 - $1.M - $495,000 = $755,000 Non refundable $4,000.00 deposit locks up this deal.Cash only*Proof of Funds*We deliver clear title.Buyer to Pay All Closing Costs.Cash or Hard Money OnlyPlease Do Your Own Due DiligencePlease perform your own due diligence. Call or Text1-888-501-2272
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