Investment property and builder opportunity in Rowlett. Property sits on a large approximately 0.795 acre lot with an existing 1,545 sq ft home. The current plan is to renovate the existing house, with an estimated resale value around $275,000 after approximately $73,000 in renovations.
The bigger upside may be in the land. Subject to confirmation with the City of Rowlett, there may be an opportunity to subdivide the lot and create a separate buildable lot for a new construction home. Estimated new build ARV is around $390,000. Buyer must independently verify subdivision, zoning, setbacks, utilities, permitting, and buildability with the city before relying on this strategy.
This could be a strong opportunity for a builder or investor who understands land development and wants multiple potential value add angles.
Price: $223,500
Est Rehab Existing House: $73,000
Est ARV Existing House: $275,000
Est New Build ARV: $390,000
Cash or hard money only. Showings by appointment for serious buyers.
Contact: Call/Text show contact info
and mention the “Rowlett builder deal.”
Area only: Rowlett, general area. Exact address shared after buyer verification.