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LifeStyle Solutions Realty Group powered by CB&A Realtors
5221 Malmedy Rd, Houston, TX 77033
- $85,000
- 2
- BD
- 1
- BA
- 1,012
- SqFt
- List Price
- $85,000
- Status
- ACTIVE
- MLS#
- 37227991
- Days on Market
- 0
- Year Built
- 1955
- Style
- Traditional
- Bedrooms
- 2
- Bathrooms
- 1
- Full-baths
- 1
- Living Area
- 1,012
- Lot Size
- 5,692
- Lot Size Source
- Appraiser
- Subdivision
- South Park
- Region
- 3
- Market Area
- Medical Center South
- County
- Harris
Property Description
Investor special!!!! Property is currently a 2-bedroom, 1-bath. Property is selling at below lot value, which is at $115k. House will need considerable work to flip, but if you want to make this a rental, house was previously rented at $1k per month, with less than $5,000 needed to get ready to re-rent. House has two sections, one section is livable and that is the 2/1 and the other section was used for storage. House is being sold as is condition. Market lot value is $115k currently. There are 3 options for this home. 1) about 40k need to get ready to flip and covert the extra space to either an extra bedroom or garage with storage, 2) about $7,500 to get minimal rent ready to rent at $1200/month, 3) Tear down and rebuild house is below lot value. House is currently boarded to prevent anyone from entry.
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Additional Information
- Finance Available
- Cash, Conventional, FHA, Investor Financing, VA Loan
- Neighborhood
- Medical Center South
- Heating
- None
- Cooling
- Window/Wall
- Stories
- 1
- Lot Description
- Other
- Foundation
- Slab
- Roof
- Shingle, Wood
- School District
- Houston
- Elementary School
- Kelso Elementary School
- Middle School
- Attucks Middle School
- High School
- Worthing High School
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Listing courtesy of Teifke Real Estate.