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5221 Malmedy Rd, Houston, TX 77033

$85,000
: 2
BD
: 1
BA
: 1,012
SqFt

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List Price: $85,000
Status: ACTIVE
MLS#: 37227991
Days on Market: 0
Year Built: 1955
Style: Traditional
Bedrooms: 2
Bathrooms: 1
Full-baths: 1
Living Area: 1,012
Lot Size: 5,692
Lot Size Source: Appraiser
Subdivision: South Park
Region: 3
Market Area: Medical Center South
County: Harris

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Property Description

Investor special!!!! Property is currently a 2-bedroom, 1-bath. Property is selling at below lot value, which is at $115k. House will need considerable work to flip, but if you want to make this a rental, house was previously rented at $1k per month, with less than $5,000 needed to get ready to re-rent. House has two sections, one section is livable and that is the 2/1 and the other section was used for storage. House is being sold as is condition. Market lot value is $115k currently. There are 3 options for this home. 1) about 40k need to get ready to flip and covert the extra space to either an extra bedroom or garage with storage, 2) about $7,500 to get minimal rent ready to rent at $1200/month, 3) Tear down and rebuild house is below lot value. House is currently boarded to prevent anyone from entry.

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Additional Information

Finance Available: Cash, Conventional, FHA, Investor Financing, VA Loan
Neighborhood: Medical Center South
Heating: None
Cooling: Window/Wall
Stories: 1
Lot Description: Other
Foundation: Slab
Roof: Shingle, Wood
School District: Houston
Elementary School: Kelso Elementary School
Middle School: Attucks Middle School
High School: Worthing High School