*** ********* ***, ********, TX
20.34% return
SP:
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Property Description

Awesome Triplex! 

Insane cashflow. 25%+ gross and 20%+ net returns on investment! Property consits of 1 house and a duplex. Always occupied.  Great tenants.$1830+ per month in income. Actual rents. Great area. Very low expenses. Professional property management is available. Do not miss out on this opportunity.   Part of a larger portfolio of 74 units, consisting mostly of single family and small multi family units. Portfolio has 99%+ occupancy and is completely turnkey. All electrical has been updated. 65%+ of tenants from the 74 units are on section 8.  Other units in the portfolio are located in one city, minutes away from each other. Please refer to other listings, as units can be placed in a package and purchased together. This is an opportunity to build a huge rental portfolio without putting in the work! Do not miss out on this, as package will get smaller.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units3
  • Total bedrooms4
  • Total bathrooms3
  • Building size2140 sq. ft.
  • Lot size0.2 acres
  • Year built1962
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$90,000
  • Estimated rehab1$0
  • Total investment$90,000
  • TypeActual
  • Gross income (annually)$21,960
  • Operating expenses (annually)$3,656
  • Net income (annually)$18,304
  • Gross return24.40%
  • Gross income (monthly)$1,830
  • Operating expenses (monthly)$305
  • Net income (monthly)$1,525
  • Net return20.34%

Property Income & Expenses

  • Income
  • Unit 525: 1 bed / 1 bath$550/month$6,600/year
  • Unit 527: 1 bed / 1 bath$500/month$6,000/year
  • Unit House: 2 bed / 1 bath$780/month$9,360/year
  • Total$1,830/month$21,960/year
  • Expenses
  • Property Taxes$96/month$1,156/year
  • Maintenance reserve$208/month$2,500/year
  • Total$305/month$3,656/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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