Saturday, January 20, 2007

Rehab. 2200 sf 3-2 on 1/2 acre. $52900

509 Woolridge Dr, Conroe, TX 77301. 3-2 on 1/2 Acre. Well and septic. Large home, 2200 sq ft. Homes in the area have sold between $65 and $80 sq ft. Possible after rehab price of $138000+. Home needs alot. Slab is cracked in several places. Roof needs repairs. Kitchen is a re-do. Sheet rock repairs. Has potential at the right price.

Photos:

503 Jill St, 3-2, $79900

503 Jill St, Conroe, TX 77303.
This is a 3-2 with a converted garage (not included in # of BR or Sq Ft), 1545 sq ft. Asking price $79900. Foreclosure.

3 BR rents for $850 on Section 8. Rent comps are 800 to $900 in this area for 3-2.

House was recently redone. Needs some new kitchen appliances. Other than that, its rent ready.

The Analysis

Here are pictures:

304 Shadow Oaks. 2-2. 1222 sf $69500

304 Shadow Oaks Dr, Conroe, TX 77303. 2-2. 1222 sf. Foreclosure. Listed at $69500. Needs a little change in paint color in kitchen and bath plus some appliances. Has settlement issue in kitchen, but nothing major. Is priced a bit too high. Low 60's high 50's is more like it. DOM 103

Rents are 650 to 700.

The Analysis

Here are photos