1416 S Rusk St Sherman TX 75090
2 Beds 1 Bath in South Sherman!
Worth $103K fixed up, FOR ONLY $42,100!
IMPORTANT: OCCUPIED. DO NOT DISTURB OCCUPANTS.
CALL 903-251-2007 FOR VIEWING APPOINTMENTS
1416 S Rusk St Sherman TX 75090 is a 2 bedroom, 1 bath wood frame home with a 1-car detached garage. It sits on a nice lot with several mature trees, has a beautiful lawn with a fenced-in backyard. It has central heat & air, hardwood floors, metal roof & a covered front porch.
New hot water heater installed 2017, plumbing replaced 2016, metal roof installed 2009, electrical replaced 2009 & CH/A installed 2008. It has pier and beam foundation which is solid except for a small slope in the kitchen. All the major components are in good working condition. This house needs quite a bit of cosmetics, but it is being lived in and will be a quick turn around!
This home is currently rented to a long-time tenant for $500 per month. This is well-below the average rents in the area of $850+. It needs paint & flooring & a few doors replaced, exterior paint & some rotten wood replaced, hardwood floors can use some TLC & refinishing. Bathroom may need new sub-floor, ceiling has damage from previous CH/A leak in the attic. It could use new windows, and the kitchen and bath could use updating.
With an ARV of $103,000, this is a steal for $42,100! Plenty of meat on the bone for this for a cash buyer looking for a flip or to add to their rental portfolio, or an end-buyer trying to save money by paying cash & making repairs themselves. CALL TODAY 903-251-2007!!!
As-Is Cash Price: $ 42,100
After Repair Value (ARV): $ 103,000
# Bedrooms: 2
# Bathrooms: 1
Average Rents: $ 861
Sq. Ft: 1008
Year Built: 1950
Lot Size: 0.1607
Garage/Carport: 1-car detached garage. Needs work
Air Conditioning: CH/A
Foundation: Pier and beam
Exterior: Wood siding
Electrical Info: Good. Updated 2009.
Plumbing Info: Replaced plumbing underneath the house 2016. Hot water heater replaced 2017. No known issues.
Roof Info: Metal roof in good condition no leaks since installed 2009
Call TODAY! 903-251-2007
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Cash or hard money only
$3,000 non-refundable deposit
Buyer pays all closing costs
Property to be sold as-is
Please Do Your Own Due Diligence Before Signing Contract.
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To see property, have any questions or want to add this property to your portfolio call us at 903-251-2007!