***665 W Cedar St, Hurst Tx 76053, Tarrant County
Estimated Market Rent- $1,250
Estimated Repairs- NONE
Current Mo to Mo rent- $1,075
Price- $130,000
3BR/1 Full Bath/ 1 Half Bath
Living SF-1512SF
Lot SF- 8296
Foundation- Slab
Yr Built- 1960
2 Car Garage
There are two options with this property. It has a tenant in place that is currently month to month. The tenant really wants to stay and resign a new lease. Tenant has a great payment history and has been at the property for 2+ years. Currently there are no repairs needed for this tenant to stay in place. Instant cash flow property!
The second option would be to do a light cosmetic rehab where I would convert the half bath to a full bath and market the rental as a 3/2 with other light cosmetic updates. The rental comps fully support a $1250 rental. The tile surround in one of the baths could be updated, new carpet, and could add more counter space in the kitchen. $5000 would be more than enough to do a light rehab to get the 1250/mo.
OTHER NOTEWORTHY INFO:
Roof- in the process right now for new roof- Will have new roof by closing. Current roof is not leaking, but has hail damage and it is getting replaced this week.
HVAC- Replaced/NEW
NEW insulation in attic
NEW Electric Panel
French Drains added in backyard and sides of house
Sewer Service- New sewer service from the house to the main (60') replaced
Tile- new tile flooring recently installed-
** Contact me and i can send you pics and comps for the area**
Kelly Kovar, kkovardfd@gmail.com
214-632-0372
