**SOLD** Irving Texas Rental Property Opportunity for Landlords

Rent house opportunity in Irving

Assignment of Contract offered by a wholesaler for the property located at 4001 Rainier St, Irving, TX 75062

This is a really nice Irving 3/2/1.  I think this will make a great rental property once repaired.  The property needs foundation repair, and potentially some sewer line repair.  This repair budget could be very exaggerated, as we’ve budgeted $8,000 for sewer line replacement.  The garage is currently converted.  Our rehab scope calls to unconvert it, but you could use it as a fourth bedroom to obtain a higher rent.

ARV: $185,000
Rehab: $35,000 (retail) $25,000 (rent)
Rents: $1,400 – 1,600
Asking: $120,000 OBO

Closing on or before 9/21

Six month financing available with months with 15% down for non-owner occupants subject to borrower approval.

Please call/text Jaymon at 214-922-1970 to set up a time to meet him at the property.

Files you can review:

Agent_Full8423

Lease_Quick CMA4077

Multi_Map8423

Quick_CMA8423

RealistReport_4001_Rainier_St

 

Video Walk Through: https://youtu.be/AQH6kklv7Mw

 

 

Financials

  • After Repaired Value: $185,000 
  • Estimated Rehab: $35,000 
  • Price: $120,000 
  • Terms: Cash, Hard Money, or Bank Financing 
  • Estimated Rent: $1,550 

Property

  • Address: 4001 Rainier St, Irving, TX 75062 
  • Bedrooms:
  • Bathrooms:
  • Garage:
  • SqFt: 1228 
  • Subdivision: Northwest Park 01 
  • Area: 183 and Belt Line 

Contact Information

  • Phone Number: (214) 922-1970 
  • Contact Name: Tim Herriage 
  • Contact User Name: info@2020rei.com 
  • Date Listed: 9/12/2018 

Lease Terms

N/A

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