*** ********* ***, ********, TX
17.75% return
LP:
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

Property Description

Great investment opportunity. 12 units for sale in Texas. Property comes with an office, income generating laundry, on-site manager and good renters. Amazing returns on investment. Separate electric meters. Solid construction. Central heat and air. Great curb appeal. No deferred maintenance is required. Professional property management is available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units12
  • Total bedrooms24
  • Total bathrooms12
  • Building size10494 sq. ft.
  • Lot size0.2 acres
  • Year built1984
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral, Central air

Property Financial Summary

  • Asking price $375,000
  • Estimated rehab 1 $0
  • Total investment $375,000
  • Type Proforma
  • Gross income (annually) $100,800
  • Operating expenses (annually) $34,220
  • Net income (annually) $66,580
  • Gross return 26.88%
  • Gross income (monthly) $8,400
  • Operating expenses (monthly) $2,852
  • Net income (monthly) $5,548
  • Net return 17.75%

Property Income & Expenses

  • Income
  • Laundry Income $600/month $7,200/year
  • Unit 1: 2 bed / 1 bath $650/month $7,800/year
  • Unit 2: 2 bed / 1 bath $650/month $7,800/year
  • Unit 3: 2 bed / 1 bath $650/month $7,800/year
  • Unit 4: 2 bed / 1 bath $650/month $7,800/year
  • Unit 5: 2 bed / 1 bath $650/month $7,800/year
  • Unit 6: 2 bed / 1 bath $650/month $7,800/year
  • Unit 7: 2 bed / 1 bath $650/month $7,800/year
  • Unit 8: 2 bed / 1 bath $650/month $7,800/year
  • Unit 9: 2 bed / 1 bath $650/month $7,800/year
  • Unit 10: 2 bed / 1 bath $650/month $7,800/year
  • Unit 11: 2 bed / 1 bath $650/month $7,800/year
  • Unit 12: 2 bed / 1 bath $650/month $7,800/year
  • Total $8,400/month $100,800/year
  • Expenses
  • Property Taxes $275/month $3,300/year
  • Lawn care $60/month $720/year
  • Maintenance reserve $667/month $8,000/year
  • Insurance $400/month $4,800/year
  • Property Management $200/month $2,400/year
  • Electric bill $360/month $4,320/year
  • Water and Sewer $890/month $10,680/year
  • Total $2,852/month $34,220/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 In Sign Up

Share Listing

Copyright by Real Pro, Inc 2019 . All Rights Reserved.