For sale about 2 months ago

$380,000

6+ bd 4+ ba 3176 sqft

26718 & 26722 Cypresswood Dr, Spring, TX 77373

Residential Duplex Occupied

Current Rent

$2,861

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.