161 County Road 1135, Lone Oak, TX 75453
Great opportunity in Lone Oak, TX.
This home consists of 3 bd/ 2 ba/ 2,400 sqft of living space on a 2.59 Acres lot lot. Don’t miss out on this great opportunity!
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Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 55% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$210,000
After Repair Value:
$350,000
Investment Duration:
58 Days
Return on Investment:
55%
Rehab Cost
$42,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $335,000 and has made a 20% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and a 20% lien on the property.
Lead Contractor
John Baker
Property Details:
- Size: 3 bedrooms, 2 bathrooms, 2,400 sq ft
- Lot: 2.59 Acres
- Year Built: 1985
Rehab Cost Estimate:
1. EXTERIOR: $9,000
- Full exterior repaint (premium weatherproof paint)
- Full porch rebuild with new railing
- Concrete driveway full resurfacing
- New front door and new windows
- Landscaping: new sod, trimming, gravel paths, trees trimmed
- Fencing replaced
- Exterior lighting upgrades
2. BATHROOM: $9,000
- Full gut and remodel of bathroom
- High-quality toilet, bathtub, vanity, and fixtures
- Custom tiling (floor and walls)
- Plumbing system upgrade
- Lighting upgrades (vanity and overhead)
- Exhaust fan installation
- Custom cabinets.
3. INTERIOR GENERAL: $10,000
- New flooring throughout
- Paint entire interior (ceilings, trim, walls)
- Replace interior doors and handles
- Electrical rewiring (modern outlets, fixtures)
- Install modern lighting fixtures in each room
- Ceiling replacement
- Full wall refinishing
4. BACK LOT & CLEANUP: $5,000
- Full yard clearing, grading, and landscaping
- Fence rebuild
- Junk/debris hauling
- Gravel/dirt leveling for usability
- Outdoor storage unit
5. KITCHEN: $6,000
- New cabinets
- Countertops (quartz or granite)
- New sink & faucet
- Plumbing & electrical as needed
- Tile backsplash
- Lighting upgrades
- Flooring
6. PERMITS, FEES & MISCELLANEOUS: $3,000
- Building permits
- Inspections
- Debris hauling
- Transportation of materials
- Contingency
TOTAL REHAB ESTIMATE: $42,000