Available possible deal - report included.
370 Selva in Canutillo Texas (near El Paso's Fort Bliss Military Base) provides an interested opportunity or less for an investor. This is a half acre property in an agricultural area just outside of El Paso Tx. The areas there are common to not having city drain and instead use septic tanks, but properties are none the less needed and rented. Adding to this possible opportunity is that this is a duplex home.
Report: https://www.biggerpockets.com/analysis/rentals/ccf75bd8-ab0d...
Main Home is in fact a manufactured home, affixed permanently to the ground and skirted and bricked completely; 3x2 baths with living and dining areas + fp.
The addition to the main home is a 3 bed 1 bath full home with very large kitchen space, living and dining room + fp as well.
Assuming a minimum rent of $800 per month per unit and part of the rehabbing costs is adding a new water line to the empty half lot and rent it out to 3-4 manufactured homes monthly at $250-$300mo. The returns easily out weight the apparent burden of the rehab. (Very very conservative with them averaging minimum $1k/mo. in this area El Paso).
More on this property:
https://humbertovalle.clearviewep.com/property-search/detail...