$380,000
26718 & 26722 Cypresswood Dr, Spring, TX 77373
Current Rent **
$2,861
Projected Rent **
$3,025
Unit 1 Details
- Current Rent: $1,400
- Bedroom: 3 bd
- Bathroom: 2 ba
- Square Footage: 1688 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 2 Details
- Current Rent: $1,461
- Bedroom: 3 bd
- Bathroom: 2 ba
- Square Footage: 1488 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
SUPER SPRING DUPLEX DEAL
I have got a really good duplex deal coming specially to you all from one of my own investors who wants to unload to move funds to some other investment bucket.
Check out the information below and respond quickly.
PROPERTY INFORMATION
26718 Cypresswood Dr, Spring
3
bed
2
bath
1,691sqft
1,691 square feet
5,407sqft lot
Fully renovated before renting out
New sewer lines done 2022
4 year old AC Unit
26722 Cypresswood Dr, Spring
3
bed
2
bath
1,488sqft
1,488 square feet
5,406sqft lot
New kitchen appliances, cabinetry,high plank vinyl flooring,interior/exterior paint,sinks,water heater
Good working condition - AC Unit
NEW ROOF ON BOTH UNITS - 2020
Both TENANT OCCUPIED with one lease just expired and month to month. Other ending in 2023 both already rehabbed. \
Both have the opportunity to increase rent to yield more returns.
PICTURES
26718
https://drive.google.com/drive/folders/1znR7IN1zITKKUtmuwJp6I2I3E2f6sPgA?usp=sharing
26722
https://drive.google.com/drive/folders/1EwotoG8Cs3wSm3i6rjQETQADm_uHRVpU?usp=sharing
NUMBERS
MARKET VALUE - 190K + 200K = $390k
ASKING - $380,000 +USUAL CLOSING COST
SOLD TOGETHER ONLY
CAP RATE - 7% - ATTACHED INCOME & EXPENSE STMT IN GOOGLE DRIVE
REPAIRS - NONE NEEDED
Location:
26718 & 26722 Cypresswood Dr, Spring, TX 77373
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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