Investment Opportunity: Assignment of Contract – 2-Story Duplex on Large Lot | For Sale Ads

VWJackson1974 · Tuesday at 12:26 PM

Price: $65,000
Bedrooms: 3
Bathrooms: 2
Square Footage: 1680
Year Built: 1960
Type: Duplex

Property Description

Investment Opportunity: Assignment of Contract – 2-Story Duplex on Large Lot
Property Type: 2-Story Duplex
Location: 100 4th St. Lake City, Tx. 78368
Lot Size: Approximately 0.75 Acres (¾ Acre)
Layout: Downstairs Unit: 1 Bed / 1 Bath / Upstairs Unit: 2 Bed / 1 Bath

Key Property Features:
Duplex sits on a spacious ¾-acre lot – great potential for rental income or owner-occupant plus rental strategy.
Pier and beam foundation.
Septic tank and private water well (motor replaced 6 months ago).
Roof is approximately 10 years old.
Interior features include marble countertops and newly installed kitchen cabinets.
Floors have been recently redone.
Plumbing has been re-routed with updates completed.

Repairs / Updates Needed:
No central HVAC – property currently uses window units.
Breaker box may require inspection and possible upgrades.
Windows may need to be updated or replaced.

Deal Analysis:
After Repair Value $130K
Marketing Price $67K/PRICE REDUCTION $65k
Approximate Estimated Repairs $25K to30K

Investor Notes:
This is a wholesale assignment of contract. Property is being sold as-is and is ideal for investors looking to expand their rental portfolio or flip a multi-unit property with value-add opportunities. For access or to submit your offer, contact the person on the listing.

$5,000.00 EARNEST MONEY LOCKS UP THIS DEAL. At this low investor price buyer pays all closing costs(Buyers and Sellers) and real estate commissions where applicable. Please do your own due diligence. House is being offered “AS IS” and price is based on a CASH or HARD MONEY.

SCHB Property Investments, LLC and/or its partners is providing you access to this investment opportunity, the property featured is currently under contract with the owner of record, therefore giving SCHB Property Investments, LLC an equitable or contractual interest in the property. SCHB Property Investments, LLC will be assigning its contractual or equitable interest. SCHB Property Investments, LLC is not selling the property nor acting as an agent of the seller. Any agreement to the terms of this offering will be evidenced by a contract assignment. Equal Opportunity Housing.

This is a joint venture property between Virgil Jackson and