Description
Investor special in the coveted Bayou Shores community! Not one but TWO standalone single family homes on the same corner lot, with privacy fence in between. Building 1 (facing 38th Ave): 2 bed, 1 bath, 1584 sq ft. Building 2 (facing 7th St): 2 bed, 1.5 bath, 1272 sq ft. HUD approved. Both units well maintained and rent ready, but in need of updating if planning to flip at full ARV of $620k. Currently occupied, but month to month leases. Live in one home and rent the other immediately for lucrative passive income, or with only light cosmetic rehab just turn both into cash piatas as short-term or long term rentals. Rental potential: LTR rates estimated at $4600 /mo, and has very little competition nearby. STR rates estimated at $548/night, 70% occupancy, for $139k yearly gross. No HOA. Full cooperation with non-MLS agents. Seller financing available.
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4BEDS
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0.16ACRES
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3BATHS
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11/2 BATHS
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2,856SQFT
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$175$/SQFT
School Ratings & Info
Description
Investor special in the coveted Bayou Shores community! Not one but TWO standalone single family homes on the same corner lot, with privacy fence in between. Building 1 (facing 38th Ave): 2 bed, 1 bath, 1584 sq ft. Building 2 (facing 7th St): 2 bed, 1.5 bath, 1272 sq ft. HUD approved. Both units well maintained and rent ready, but in need of updating if planning to flip at full ARV of $620k. Currently occupied, but month to month leases. Live in one home and rent the other immediately for lucrative passive income, or with only light cosmetic rehab just turn both into cash piatas as short-term or long term rentals. Rental potential: LTR rates estimated at $4600 /mo, and has very little competition nearby. STR rates estimated at $548/night, 70% occupancy, for $139k yearly gross. No HOA. Full cooperation with non-MLS agents. Seller financing available.
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