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Mical Hagos

mical@micalhagos.com +1(214) 709-3338

$ 99,900

Est. payment -/mo

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Active

1223 Norris Drive Bossier City, LA 71111

3 Beds

2 Baths

1,650 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,650 sqft

Subdivision Meadowview Park

MLS Listing ID 21282371

Style Ranch

Bedrooms 3

Full Baths 2

HOA Y/N None

Year Built 1961

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Single Family Residence

Property Description

HUGE PRICE DROP!!! GOOD BONES WITH A GOOD FLOOR PLAN & FLOW PLAN. Home includes long driveway to a large 2 car garage and shop off to the side. Home needs repairs and updates but should pass an appraisal for conventional loan. Owners are not willing to make any repairs as a result of home inspections or appraisal unless we raise the price to cover buyers request for repairs and or closing costs BUYERS looking for a bargain should look in to interim financing to include the sales price of the home along with the closing costs, pre-paids (for your taxes and insurance) and the costs to update and remodel the home (approximately $30,000 + - $5,000) with a local bank or hard money lenders and convert it onto a mortgage of choice (VA, FHA, Conventional) when complete. Home should then appraise for close to $165,000 (+ - $5,000) earning you potentially $25,000+ in instant equity (profit potential). INVESTORS looking for a home that needs TLC for their rental portfolio via DSCR loan or hard money lending. Home should rent for $1,800 (+ - $100). Obtaining a DSCR loan for 80% of ARV, closing costs and sales price will provide you with $22,000 to $26,000 to update and repair the home. Monthly note (P.I.T.I.) approximately $1,200 and should rent for $1,700 earning $500 in residual income. Located close to I 20, I 220, I 49, Barksdale AFB, Global Strike, BPCC, downtown Shreveport & Bossier, great blue-ribbon schools and the best shopping & dining the area has to offer off Airline. We're looking for a buyer with a vision with ability to See the Forest Through the trees. If this is you give contact me to preview the home and discuss your options. Rooms sizes and all aspects of the home are believed to be true and accurate, but it will be the buyer's responsibility to verify.

Location

State LA

County Bossier

Community Community Pool, Playground, Tennis Court(S), Other

Direction Google Map

Rooms

Dining Room 1

Interior

Interior Features Cable TV Available

Heating Central

Cooling Ceiling Fan(s)

Flooring Carpet, Ceramic Tile, Laminate

Appliance Other

Heat Source Central

Laundry Electric Dryer Hookup, Utility Room, Dryer Hookup

Exterior

Garage Spaces 2.0

Fence Chain Link, Fenced, Full, Gate

Community Features Community Pool, Playground, Tennis Court(s), Other

Utilities Available Cable Available, City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Phone Available

Roof Type Asphalt

Total Parking Spaces 2

Garage Yes

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Wood

Schools

Elementary Schools Bossier Isd Schools

Middle Schools Bossier Isd Schools

High Schools Bossier Isd Schools

School District Bossier Psb

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21282371

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jimmy Stewart • Primeaux Realty, LLC

Nearby Locations

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Mical Hagos

Broker Associate | License ID: 0687361

+1(214) 709-3338 | mical@micalhagos.com

Mical Hagos

1223 Norris Drive Bossier City, LA 71111

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1223 Norris Drive