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4 unit multi family REO South Texas

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Posted Aug 3 2008, 10:56

I'm a commercial real estate agent in South Texas that will have a 4 unit multi family property up for sale soon. Here's the details:

4 units (1 duplex, 1 house, 1 garage apt.) adjacent on two lots
$1300 monthly gross rent
%100 percent occupied

minus - Not the best neighborhood, buildings need work.

plus + Good tenants, pay on time.

This property is bank owned and will be up for sale soon, I've send my BPO in and am waiting on a price. Will be around the low $60's. Bank wants this gone as do I (I'm not a property manager). Respond if you need more information, I have the analysis. Thanks

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