$198,250

1913 Fordham Avenue, Mcallen, TX 78504

4 beds |
3 baths |
2,536 sqft

Single-Family Home
Built in 1998
7,349sqft lot
2 car garage
$78/sqft
Listed 2 days ago

Property Description

FORECLOSURE — Investor Special — Must See! 4 Bed / 2.5 Bath + Office in Prime North McAllen — Needs 60K in Rehab, Priced to Sell at Loan Balance!! A rare investor opportunity priced at note balance ($198,250). This 4-bedroom, 2.5-bath home features an open-concept living areas. This is a prime a fix and flip or rehab-and-rent strategy. It is being conveyed AS-IS, in its pre-move-out condition. It’s not currently rentable, but a verified contractor estimate shows a complete rehab can be accomplished with approx. $60,000 all-in — including kitchen, baths, flooring, paint, finishes & necessary updates. After rehab, comparable recent sales support an After-Repair Value (ARV) of $335,000 – $370,000. Seasoned flipper or long-term investor seeking a strong cash-flow rental, this home delivers serious upside. This is a foreclosure sold strictly at note balance, it won’t last long. Don’t miss out — this is a must-see, must-act fast deal for any investor looking to maximize ROI in North McAllen.

Listing Status:: Active
Listing Office:: eXp Realty LLC : 888-519-7431
Listing Agent:: Nacole Ricks : 956-207-0456
MLS ID:: 488306

General: Entrance FoyerCountertops (Stone)Bonus RoomCeiling Fan(s)Crown/Cove MoldingDecorative/High CeilingsMicrowaveOffice/StudySplit BedroomsWalk-In Closet(s)
Appliances: Electric Water HeaterWater Heater (Programmable thermostat)Water Heater (In Garage)Smooth Electric CooktopDishwasherDisposalOven-SingleRefrigeratorStove/RangeStove/Range-Electric Smooth
Laundry: Laundry RoomWasher/Dryer Connection
Flooring: HardwoodTile
A/C: Central AirZonedElectric
Heating: CentralZonedElectric
Eco/Green Feature: Thermostat

General: Mature TreesSprinkler System
Parking: AttachedGarage Faces FrontNo CarportGarage Door Opener

Roofing: Composition Shingle
Windows: Energy Features (Double Pane Windows)Drapes
General: Brick2Slab

Road/Access: Paved
Originating MLS: Greater McAllen
School District: McAllen ISD
County: Hidalgo

Zoning: W736008000027600
Fencing: PrivacyWood

Utilities: Internet Access
Water: Public
Sewer: City Sewer

Source: Greater McAllen

This listing courtesy of Nacole Ricks, eXp Realty LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Dr. Pablo Perez Elementary School

7801 N Main St, McAllen, TX, 78504

Grades PK-5

0.42 miles away

Homer J. Morris Middle School

1400 Trenton Rd, McAllen, TX, 78504

Grades 6-8

0.62 miles away

McAllen High School

2021 La Vista Ave, McAllen, TX, 78501

Grades 9-12

3.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.