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$235,000

Beds
8
Baths
2.0
sq ft
2,124

8107 Morley St, Houston, TX 77061

8107 Morley St

Houston, TX 77061

  • 16 days on market
CURRENTLY TENANT OCCUPIED and being rented as a Co-Living home. It is a fantastic turn-key investment opportunity in a prime location. This property boasts 8 bedrooms and 2 bathrooms, perfect for a co-living / multi gen family / group home / assisted living / senior care / or other arrangements for amazing rental income. With some TLC and a little bit of elbow grease, this fixer-upper has incredible potential for a savvy investor. The tenant-occupied home is a landlord's dream, offering massive cashflow and value-add opportunities. Under new management and ready to make you mint. Don't miss out on this chance to turn this diamond in the rough into a shining gem. This home can be purchased by itself or as a part of 18 unit SFR portfolio.

Details

Property type

Single Family Residence

Est. home value

$256,516

Lot size

8,398 sq ft

Price per sq ft

$111

Year built

1965

Annual property taxes

$5,136

Price History

06/19/2024
Houston

Houston #43316294

Listed
$235,000
12/23/2020
Houston

Houston #96165790

Removed

Schools & Community

Neighborhood: 

Golfcrest - Bellfort - Reveille

Elementary school: 

LEWIS/Bellfort Academy

Middle school: 

ORTIZ MIDDLE SCHOOL

High school: 

CHAVEZ HIGH SCHOOL

School district: 

Houston

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$130,210
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$85,990
Cash to seller
$130,210

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2012

Original loan amount

$118,457

Est. remaining balance

$85,990

Interest rate

3.88%

Loan type

New Conventional, 30 year

Seller

Kerry Williams and Cynthia Williams

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 9:30 PM

Listing updated: 06/20/2024 at 9:54 AM

Listed by: Erick Harbert, Realty Right Phone #: (713) 589-8808

MLS: Houston #43316294

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