428 E Parnell St Denison TX 75021
3 (or 4) bedrooms 1 bath in Denison on 1 acre!
ARV of 130K for only $35,000!
CALL NOW! 903-251-2007!
This is a 3 bedroom, 1 bath wood home with 2 living areas. There is also a small room that can be used as a 4th bedroom/nursery/office/craft room. This is a 1,428 sqft house with a large lot (approx 1 acre—tax office is looking into the mistake-see CAD pic), with lots of room for off-street parking plus 2 storage sheds on the property. At $35,000, this property shows great potential as a rental for landlords, or would make a great investment property as fix & flip.
It has a large entry room that can be used as a formal living room/office/playroom. This house has PLENTY of space! Master Bedroom has a HUGE walk-in closet with built-in shelves. The large family room has a fireplace, and a full wall custom shelving unit to display any collection. It is open to the kitchen making it open-concept with plenty of room for entertaining a large family. The kitchen has an island-bar for extra seating, and there is no shortage of cabinets and counter space.
This property needs a full rehab. Roof has no leaks, but has some sagging. The plumbing is good, but the hot water needs to be replaced. Foundation needs light leveling. Sheetrock needs repairs, and flooring including some sub-floor. Bathroom needs full remodel, and the HUGE kitchen needs some updating. It also needs some cosmetic repairs to get it rental-ready. This property has been vacant for about six (6) months, and there were no issues with the electrical or plumbing when it was last lived in. All in all, once all of these are attended to, it will definitely bring you the best value for your money!
If you’re a landlord looking for an investment, this can prove to be a good rental. The average rents in the area are $1,046 for (3 bedrooms) and $1,700 (for 4 bedrooms). At 1,428 sqft, it’s HUGE and IDEAL for large families which would open up more OPPORTUNITIES for you to get renters. If you’re an investor looking for a fix & flip, there is a HUGE spread between the repairs and the After Repair Value (ARV) to give you a nice PROFIT as fruit of your labor. CALL US NOW at 903-251-2007 so you can get started on your next GREAT investment project soon.
As-Is Cash Price: $ 35,000
After Repair Value (ARV): $ 130,000
# Bedrooms: 3 (optional 4th bedroom/nursery/office/craft room)
# Bathrooms: 1
Average Rents: $1,046 (3 bedroom); $1700 (4 bedroom)
Sq. Ft: 1428
Year Built: 1984
Lot Size: 0.1722 (approx 1 acre—tax office is looking into the mistake-see CAD pic)
OTHER INFO :
Garage/Carport: Off-street parking
Air Conditioning: windows
Foundation: pier & beam
Electrical Info: good
Plumbing Info: good
Roof Info: no leaks, but is sagging
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.
LARGE 3 Bedrooms 1 Bath in Denison Fixer Upper