3350 Grafton Ave, Dallas, TX 75211

Great opportunity in Grafton Ave, Dallas, TX.
This Dallas home consists of 4 beds, 2 bath, 1 car garage, 1,904 SqFt of living space on a 7,294 SqFt lot. Don’t miss out on this great opportunity!
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 80% 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:
$180,000
After Repair Value:
$370,000
Investment Duration:
42 Days
Return on Investment:
80%
Rehab Cost
$47,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $365,000 and has made a 25% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Oscar Gallego
Property Details:
- Size: 4 beds, 2 bath, 1,189 SqFt, 1 car garage.
- Lot: 7,294 SqFt
- Year Built: 1949.
Rehab Cost Breakdown
- 1. Exterior Renovation ($5,000)
- Siding Repair & Paint: This includes scraping, sanding, and applying primer and two coats of a durable exterior paint.
- Cost: $3,000
- Landscaping & Cleanup: The front yard and driveway area need to be cleared of debris. Simple landscaping like trimming trees (especially the large one in the front), adding some new gravel, and cleaning up the walkway.
- Cost: $1,500
- Entryway & Porch: The porch needs deep cleaning and repair on the deck boards.
- Cost: $500
- 2. Kitchen Renovation ($12,000)
- Cabinetry: Replacement of kitchen cabinets with new, modern stock cabinets. This includes both upper and lower cabinets.
- Cost: $4,500
- Countertops: The existing laminate countertops are stained and damaged so we are Installing a new quartz countertops.
- Cost: $2,500
- Appliances: Standard-issue stainless steel appliances.
- Cost: $3,000
- Flooring: The current flooring is damaged, we are installing a new, durable vinyl plank.
- Cost: $1,500
- Plumbing & Sink: We are installing a new kitchen sink, faucet, and garbage disposal. This cost includes labor for installation and minor plumbing adjustments.
- Cost: $500
- 3. Bathroom Renovations ($10,000)
- Main Bathroom (Sink Area): The vanity and sink are messy and the surrounding area shows water damage and exposed wiring. We are replacing the vanity, sink, faucet, and mirror. Repair and re-texture the walls, and install new light fixtures.
- Cost: $3,500
- Bathroom (Tub Area): We are replacing the jetted tub with a standard bathtub unit and Installing a new tile surround for the shower area. We are going to purchase a new shower curtain rod and curtain.
- Cost: $4,500
- Flooring: Bathrooms need new flooring to address water damage and mold. New tile flooring is durable and moisture-resistant option.
- Cost: $1,000
- Fixtures & Toilet: A new, standard toilet, update light fixtures and other small hardware.
- Cost: $1,000
- 4. Interior General Renovations ($10,000)
- Flooring: The flooring throughout the main living areas is worn so we are replacing all flooring with consistent, modern vinyl plank flooring.
- Cost: $5,000
- Interior Paint: The walls are marked and in need of a full paint job. This includes priming and painting all walls, trim, and ceilings throughout the house.
- Cost: $3,500
- Cleanup & Demolition: This includes clearing out all the clutter, debris, and existing damaged materials before any work can begin.
- Cost: $1,500
- 5. Systems & Miscellaneous ($10,000)
- HVAC: Budget for the installation of a central heating and cooling system.
- Cost: $7,000
- Electrical: Inspect and update the wiring, outlets, and fixtures to meet current safety codes.
- Cost: $3,000
Total Rehab Cost: $47,000