Updated over 7 years ago on . Most recent reply
Fourplex in DFW metro
Cashflowing turnkey investment in DFW. This one is located in Haltom City, with high demand for rentals. It is unlisted. Seller is firm on the price. A lot of work has been done to the 4plex and seller wants to cash out for another project.
Fourplex has individual electric meters but only one water meter. Owner pays for water.
Apt #A - $600.00 MTM Unit could be rehabbed to increase rent
Apt #B - $850.00 Tenant moved in Feb 2018 - one year lease - rehabbed Late 2016
Apt #C - $800.00 Tenant moved in Summer 2017 - one year lease - rehabbed Summer 2017
Apt #D - $800.00 Tenant moved in Fall 2017 - one year lease - rehabbed Fall of 2017
>>Current Gross Rent $3,050.00
New roof - Summer 2016
New ext paint - Summer 2016
New porches - Summer 2016 (still need to be painted)
5116 Stanley Keller Rd Haltom City (Same type property/same complex) Gross Income $2,100.00 SOLD 9/1/17 $280K
5104 Herrick Ct Haltom City (Across parking lot) Property had fire during Fall of 2017, currently being rehabbed SOLD 9/20/17 for $175K
This purchase requires buyer to enter into a 1 year property management agreement with Texas Haus Management, who will manage this property for an 8% management fee on rents. If you are a broker, you will need to add your fee to the sales price.
Contact Anderson Schulle for more info.