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Calling all Investors, Landlords, Flippers, and those looking for a Bargain Basement home for the Family! You've found the Deal Of The Year! Fifty percent of the After Repaired Value! This Rare Mountain Creek Meadows Estate, built in 1989, has been unoccupied since the previous owner left in 2019 to care for her ill family member. During the 2021 freeze, the water pipes burst, flooding the home. The foundation looks solid, just some settlement for the yard not being watered. The previous owner states that the roof was replaced in 2015. This property has great drive-up appeal, lots of windows that create a warm, wonderful feeling, a two-way fireplace for the den and master bedroom, and, if a wall is removed, it would create a great open floor plan! This home backs up to a Nature Preserve, and installing a wrought-iron fence and an upstairs balcony would add significant charm and value to this estate! The After Repaired Value is $390,000-$395,000, depending on the buyer's quality of work. The estimated cost of Rehab is $70,000- $75,000, depending on who performs the work. The rental income in this area ranges from $38,000 to $42,000 a year. This home is available just in time for the Spring Selling Season! Send your buyer by to see this one before it gets away! Located just minutes to Downtown Dallas, Downtown Fort Worth, Bishop Arts, The Cowboys and Texas Rangers Stadium, the Arlington Entertainment District! We are now in multiple offers! The offer deadline date is Thursday, April 9th, at 7 PM. No Blind Offers will be accepted!
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