5307 Stoneleigh avenue, dallas 75235

get up to 70% Roi WITH 100K - 150K INVESTMENT! 12% Is excellent, 70% is a steal!

This home is located in Oak Lawn Heights in the Maple Springs area of Oak Lawn. It is an ideal location for medical personnel including doctors, nurses, etc. with the medical district a mil away. It has tremendous potential, for a relatively low investment you can earn a very high ROI.

Cost: $365,000
Remodel & Inspection Report Repairs: $100,000 - $150,000 (depending on finishes/etc.)
Existing Square Footage: 3 Bedrooms/2 Bath 1680 sf Main House/ 2 Bedrooms/1 Bath 800 sf Guest House = 2,480 sf Existing
Remodeled Square Footage Based on My Plans: 1st Floor: 2,366 sf + 2nd Floor with addition (1,092sf) = 3,458sf

Sales Price Based on Comps After Remodel/Repairs: $691,600 - $750,000+ (for higher end finish out)

Profit: $176,600 - $235,000

Completed will have 2 laundry rooms, 2 Kitchens, 2 living areas, porte-a-cochere, 6 Bedrooms, 4 Bathrooms, A study, and a covered deck. Plans include creating a new family room and extended kitchen between existing main house kitchen and guest house with new door going into guest house from newly created family room to combine into one single family home. Guest house would still have its own private entry if inhabitants wanted to lease it out or use it as a mother in law suite after the two are combined.

Existing main house has 2nd floor apartment that is currently accessed from the outside staircase only with kitchen which will be converted into a master suite/bath in my plans and adding a staircase inside. Final plans will include dimensions and set for permitting. Inspection report is below as well - much of the work on the inspection report has been remedied on the guest house but no work has been done at all on the main house other than termite treatment/installation of termite stations around both main and guest house.

Contact me for details or to buy the property. Tenant is occupying guest house which is not available to show before end of his lease. Main house is not leased and is available to see by appointment.

RENOVATIONS COMPLETED ON GUEST HOUSE:

• GUTTED TO STUDS

• NEW INSULATION

• NEW ENERGY EFFICIENT LOW-E WINDOWS

• BRAND NEW HVAC SYSTEM/DUCTWORK ETC. W/NEST THERMOSTAT

• BRAND NEW FULL SIZED STACKABLE LAUNDRY CLOSET

• COMPLETELY NEW BATHROOM REMODEL

• CEILING FANS THROUGHOUT

• RELOCATED BRAND NEW ELECTRICAL BOX TO MEET CODE

• BRAND NEW TANKLESS WATER HEATER

• SHIPLAPPED WALLS AND CEILINGS'

• REMODELED KITCHEN WITH NEW APPLIANCES

• PAINTED THROUGHOUT INSIDE AND EXTERIOR

• NEW FRONT DOOR

• RECLAIMED VINTAGE INTERIOR DOORS

• NEW HARDWARE/DOOR KNOBS/MORTISE LOCKS

• NEW STEPS

• NEW MOLDING THROUGHOUT INSIDE AND OUT

• REMOVAL OF MAKESHIFT FENCE AND OTHER CLEANUPS

• TERMITE TREATMENT/INSTALLATION OF TERMITE STATIONS AROUND MAIN AND GUEST HOUSE