Description

Half acre lot on Cottonwood Creek! Assignment contract offered for sale by wholesaler for the Property located at 202 Hyde Park Dr, Richardson, TX 75080 REDUCED TO $365,000 This home is a 1,783 SqFt three bedroom, two bath, two car garage brick contemporary house on a half acre creek lot.  This is a rare opportunity to acquire a fix and flip project on one of the most uncommon pieces of property in Dallas County. This property sits on a half acre lot on Cottonwood Creek. FINANCING:  2020 REI Group can originate a 6 month $350,000 hard money loan on this property for 1.5% origination and 12% interest only.  This lending option is based primarily on the property, but the borrower will need to show enough liquidity (cash in the bank) in order to complete the project, which in this case we’d like to see $65,000 in cash. REPAIRS:  We believe the highest and best use for this property is as a fix and flip retail sale. https://www.2020rei.com/property/richardson-fix-and-flip-on-cottonwood-creek/  



Property Details

Property Status Available
Location 202 Hyde Park Drive, Richardson, TX, USA
Price $365,000
Estimated Repairs $35,000
Square Footage 1783
Sq Footage Source tax_records
Estimated ARV $500,000
Estimated Equity $100,000
Bedrooms 3
Bathrooms 2
Garage Size 2
Year Built 1970
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date May 1st, 2018

Seller Information

Tim Herriage

Member since April 2015
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