This was a HUD home that my flipping partner did while I was in San Antonio. It was originally a 3 bedroom 1½ bath home. Since the half bathroom in the master was large he decided to move the toilet over and add a shower, making it a proper full bathroom. He had to jack hammer the slab for a drain line but in the end it was worth the work. He added new tile in the kitchen, dining room, bathrooms and hallway, new carpet in the bedrooms, and refinished the wood floors in the formal dining and living area. He also added a granite countertop to the kitchen and quartz top to the guest bath vanity. He was able to save the original cabinets and bathroom tub/shower surround. He did 99% of the work himself between his building projects. I came in at the end to help with some minor things like repainting the interior and working on some minor cosmetic touching up.
He received multiple offers the day it was listed and it ended up selling for $8,000 over the list price.
-
Purchase Price $75,000
-
Repairs $15,000
-
Sold For $163,000
