Turnkey Rental Portfolio
*** ********* ***, ********, TX
18.96% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6

Property Description

HOT PACKAGE!!! HURRY, PACKAGE IS GETTING SMALLER!!

Portfolio of 40 units (originally 74 units. ‭34‬ units are sold), consisting mostly of single family and small multi family units. 100% occupancy, completely turnkey. All electrical has been updated. 65%+ of tenants are on section 8. $31k+ per month in income, 18%+ net return on investment. Actual rents. Very low expenses. All properties are located in one city, minutes away from each other. Professional property management is available. Units are available for purchase individually but sold at a major discount when bought as a package. 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 (39 properties)
  • Total units40
  • Total bedrooms104
  • Total bathrooms47
  • Building size46008 sq. ft.
  • Lot size6.8 acres
  • Year built1962
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C, Central air

Property Financial Summary

  • Sale price$1,571,900
  • Estimated rehab1$0
  • Total investment$1,571,900
  • TypeActual
  • Gross income (annually)$359,472
  • Operating expenses (annually)$61,509
  • Net income (annually)$297,963
  • Gross return22.87%
  • Gross income (monthly)$29,956
  • Operating expenses (monthly)$5,126
  • Net income (monthly)$24,830
  • Net return18.96%

Property Income & Expenses

  • Income
  • *** ********* ***, DUPLEX
  • Unit 1265: 1 bed / 1 bath$300/month$3,600/year
  • Unit 1267: 1 bed / 1 bath$650/month$7,800/year
  • *** ********* ***, HOUSE
  • Unit 1249 Ave B: 3 bed / 2 bath$860/month$10,320/year
  • Unit 1365 Church St: 2 bed / 1 bath$700/month$8,400/year
  • Unit 1759 Corley St: 4 bed / 2 bath$780/month$9,360/year
  • Unit 2123 Ave A: 4 bed / 2 bath$800/month$9,600/year
  • Unit 2470 Ave I: 2 bed / 1 bath$750/month$9,000/year
  • Unit 450 Threadneedle: 2 bed / 1 bath$695/month$8,340/year
  • Unit 4505 Carnegie: 3 bed / 1 bath$850/month$10,200/year
  • Unit 4515 Carnegie: 2 bed / 1 bath$725/month$8,700/year
  • Unit 4610 Detroit Ave: 3 bed / 1 bath$850/month$10,200/year
  • Unit 4890 Detroit Ave: 3 bed / 1 bath$750/month$9,000/year
  • Unit 735 Washington: 2 bed / 1 bath$750/month$9,000/year
  • Unit 9170 Josey: 2 bed / 1 bath$750/month$9,000/year
  • Unit House: 4 bed / 2 bath$925/month$11,100/year
  • Unit House: 1 bed / 1 bath$300/month$3,600/year
  • Unit House: 2 bed / 1 bath$750/month$9,000/year
  • Unit House: 2 bed / 1 bath$675/month$8,100/year
  • Unit House: 3 bed / 1 bath$766/month$9,192/year
  • Unit House: 3 bed / 1 bath$790/month$9,480/year
  • Unit House: 3 bed / 1 bath$790/month$9,480/year
  • Unit House: 3 bed / 1 bath$780/month$9,360/year
  • Unit House: 3 bed / 1 bath$780/month$9,360/year
  • Unit House: 3 bed / 1 bath$850/month$10,200/year
  • Unit House: 3 bed / 1 bath$725/month$8,700/year
  • Unit House: 3 bed / 2 bath$890/month$10,680/year
  • Unit House: 2 bed / 1 bath$800/month$9,600/year
  • Unit House: 3 bed / 2 bath$850/month$10,200/year
  • Unit House: 2 bed / 1 bath$780/month$9,360/year
  • Unit House: 3 bed / 1 bath$765/month$9,180/year
  • Unit House: 2 bed / 1 bath$750/month$9,000/year
  • Unit House: 4 bed / 1 bath$800/month$9,600/year
  • Unit House: 3 bed / 1 bath$750/month$9,000/year
  • Unit House: 2 bed / 1 bath$750/month$9,000/year
  • Unit House: 3 bed / 1 bath$900/month$10,800/year
  • Unit House: 3 bed / 1 bath$750/month$9,000/year
  • Unit House: 3 bed / 1 bath$800/month$9,600/year
  • Unit House: 3 bed / 2 bath$800/month$9,600/year
  • Unit House: 2 bed / 1 bath$650/month$7,800/year
  • Unit House: 2 bed / 1 bath$580/month$6,960/year
  • Total$29,956/month$359,472/year
  • Expenses
  • Property Taxes$2,278/month$27,337/year
  • Maintenance reserve$2,742/month$32,900/year
  • Electric bill$58/month$696/year
  • Water and Sewer$48/month$576/year
  • Total$5,126/month$61,509/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.

Unlock address

This is a premium off-market property. In order to unlock the address, you will need to sign a non-disclosure agreement. Please sign up or sign in into your account to get started.

Sign InSign Up

Property Tools

 Print
Copyright by Real Pro, Inc 2024 . All Rights Reserved.
Terms & conditionsPrivacy policy