4-Plex Investment Opportunity in Crowley, TX
620 Race St. Units A, B, C, & D
Value-Add Fourplex | One Vacant Unit | Below-Market Rents | Strong Section 8 Potential
1985 YB | No HOA | .224 Lot Size
Each Unit: 2 Bed | 1 Bath | 939 sqft | W/D Hookups | 2 Parking Spots
House Hack | MTR | STR | LTR Opportunity
Asking Price: $510,000
Financing Accepted: Cash, Conventional, FHA, VA, and 1031 Exchange
No Subject-To, Owner Financing, or Creative Financing
Current Gross Income: $3,185/mo
Potential Gross Income: $4,800–$5,600/mo
3 Units Leased Below Market Rent
Tenants Pay Water, Electric & Internet
Unit A Vacant
Unit B $1,095
Unit C $1,000
Unit D $1,090
Market Rent
Between $1,200 & $1,400
SECTION 8 Opportunity: Current 2026 Housing Choice Voucher payment standard for a 2-bedroom in ZIP 76036: up to $2,030/month (gross). Actual approved rent is subject to Tarrant County's rent reasonableness determination.
Updates
2022 HVAC
2021 Roof
2021 Windows
2024 Stairs, Concrete Redone & Railings Painted
Siding, Paint & Repairs, Various Cosmetic Updates, Appliance Replacements, Flooring & Parking Lot Paint Striping have been done throughout the 10 years of ownership
