217 Johnson St Pasadena TX 77506 Houston

$205,000
Property type: Rehab Off-Market

The space

  • :

Description

OFFMARKET, CASHFLOWING 
4 Units in Pasadena
Yours at $205k!✔
ONLY NEED $15k TOTAL AT CLOSING! 💲 

Loan includes estimated $47k for your renovations to the property!
(contingent to ARV Appraisal)

HOW CAN WE OFFER THIS? A hard money loan is a asset-based loan which focuses on the future as-repaired value (ARV)  structure the deal. We loan up to 70% of the ARV, which can include up to 100% of the purchase price, and up to 100% of the rehab budget. 0% down! Qualifying Investors will only bring closing costs to the closing, which is generally 4% – 6% of loan amount.

For this deal:
-Purchase price: $205k
-Rehab budget: $47k
-Loan amount: $252k
-Estimated ARV: $361k

Address: 217 Johnson St., Pasadena, Texas

EXCELLENT FOR VALUE ADD for INVESTORS! Great property with lots of opportunity for growth!
Conveniently located in a highly transited area with direct access to Pasadena High School and State Highway 225
Minutes away from Houston and Baytown

  • All spacious 2 bed 1 bath
  • Low cost of ops. Buyer could bill back tenants for water and increase bottom line
  • 2 blocks away from Pasadena High School and 225 Hwy
  • Estimated ARV $360k at 8.00% CAP!
  • Local rents support $825+ for two beds
  • Sizable lot at 6,000 square feet
Please send me an email Joel@sanmore.com for more information.

CALL 713-458-8686 for more information or reply to this email!

The above price includes an already agreed upon purchase price plus a fee to assign equitable interest. Disclaimer: Sanmore Investments and/or its partners is providing you, as a voluntary and exclusive member, access to this off market property and we have full intention on closing on this property per our contractual obligations, to include assigning equitable interest if applicable. THIS IS BEING SENT TO YOU FOR MARKETING PURPOSES ONLY. Any properties seen on this email or emails like it are currently under contract with the owners of record with the full intention to close and fund. Any mention of “sale,” or the like, refers solely to assigning equitable interest of a contract and there is no claim or intention to sell property or act as an agent in any capacity. This is intended for investors only. Any attempts to forward this email, directly contact the seller, listing agent, make alternate offers, or impede the process in any way will result in your name being reported and promptly banned from this and any other subsequent lists. If you no longer wish to receive this email or emails like it, please unsubscribe by clicking on the unsubscribe button below. Copyright © 2020. Sanmore Investments, LLC, All rights reserved.