1353 Southridge Dr, Lancaster, TX 75146

$189,900
: 3
BD
: 2
BA
: 1,412
SqFt

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List Price: $189,900
MLS#: 21328639
Status: ACTIVE
Type: Single Family Residential
Subtype: Residential
Style: Detached
Year Built: 1984
Bedrooms: 3
Full Baths: 2
Acres: 0.17
Living Area: 1,412
County: Dallas
City: Lancaster
Subdivision: Meadow Creek Estates
Number of Stories: 1
Architecture Style: Detached

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Property Description

Investor Special -Value-Add Single Family with Pool. Attention investors! This is an outstanding opportunity to add value in a desirable, established Lancaster neighborhood. Whether you're looking for your next flip, long-term rental, or BRRRR project, this property offers strong potential. This 3-bedroom, 2-bathroom home features 1,412 square feet of living space, a 2-car garage, and a private swimming pool. Built in 1984, the home has already had some work completed, allowing the next owner to step in with the remaining improvements based on their investment strategy. The property will require a new roof, pool repairs, and cosmetic updates- flooring, fixtures, etc. However, investors pursuing a rental strategy may find they can significantly reduce the renovation scope while still achieving strong rental performance, making this an attractive value-add opportunity. With an estimated After Repair Value (ARV) of approximately $279,000 and projected market rents of around $1,950 per month, this property presents multiple exit strategies for experienced investors. Bring your vision and maximize this property's potential.

469-656-8588

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Additional Information

Unexempt Taxes: $5,196
Amenities: Fireplace, Pool
Lot Size: 7,492
Acres: 0.17
Interior Features: Pantry, Walk-In Closet(s)
Stories: 1
Pool: Yes
Pool Features: Pool
Fireplaces: 1
Fireplace Type: Wood Burning
Garage Spaces: 2
Parking Garage: Garage, Garage Faces Rear
School District: Lancaster Isd
Elementary School: Belt Line
Middle School: Lancaster
High School: Lancaster
Possession: CloseOfEscrow