Monday, October 16, 2017

New Bulid Duplexes

Several new build duplex opportunities throughout Texas. Yes, more expensive but typically in growing areas and much better constructed than the Mid 80s properties we see (or not see these days).

The older infill duplexes are great on location but the price of dirt has these properties on the higher end of the scale with more maintenance.

From Springtown (north of Ft Worth), Midlothian (south of Dallas) down to New Braunfels (south of Austin) and NE San Antonio there are duplexes in the $350-$400K price range. Larger units with rents in the $1500-$1700 per door range. Generally around a 7% Cap.

Some stock photos. When developers list these build projects, they get reserved fast and leased out while being built. Let me know interest in this product now or in future.

Jim,


MID OCTOBER Edition - Single Family, 2-4 Unit & Comm Multi - Cash Flow Update

Hello and thanks for visiting the DFW Investment Blog,

Below is the MID OCTOBER 2017 update. If you have specific parameters (area/property type/size/price/etc), please let me know.

When clicking on below links, you can click on DISPLAY on the upper right of page to display property by property details.

MID OCTOBER 2017 LIST

SHORT LIST OF DUPLEXES

FULL LIST OF DUPLEXES

SHORT LIST OF TRI/QUAD PLEXES

FULL LIST OF TRI/QUAD PLEXES

FULL LIST OF COMMERCIAL MULTI-FAMILY


OTHER PROPERTIES FOR SALE – Updated 10/16/17


1. Off Market - New Build Duplexes in Brock, TX (west of Ft Worth next to Weatherford). VERY GOOD ISD - Rents $1650-$1750 per unit - each unit is 3beds,2.5bath, 2 car garage - lots of growth out west.
2. Off Market - North Dallas Duplex - $280,000 2/2 units - Richardson ISD.
3. Listed Incorrectly - Full Duplex (2 units) Central Ft Worth off Camp Bowie - $393,000 price - large units.
4. New build duplexes in Bastrop, TX (east of Austin) - $360K per
5. Listed Incorrectly - Year 2007 Full Duplex (2 units) Mansfield, TX - $465K - Units getting $1950 and $1770 in rent. Solid area.
6. SOLD….
7. 6 Brand New 4-plexes in NW Houston (Spring, TX) - $650,000 per - 7% Cap - NOT FLOODED
8. SOLD...
9. Off Market - TWO 5 Bedroom newer build homes - $5400 monthly leased to 5/31/18 - Next to TCU in Ft Worth - $550,000 each - they lease out a year in advance.
10. New Build duplex in Bastrop/Austin area - $369,000
11. 14 newer build town home units in Denton - $2.6M
12. New Build duplexes in New Braunfels - $350-$400K - Incredible growth.
13. Off Market - duplexes in South Ft Worth - 3 total duplexes (6 units) - Class C assets - $145,000-$153,000 each
14. Off Market - South Ft Worth - 6833/35 South Creek Dr - $146,000 - $1,450 monthly rent - new roof 2016, new fence, new inside HVAC unit
15. Texas A&M Rental Townhomes - New Build - Amenity filled community - Package of 2 units ($550,000), 3 units, and 4 units
16. 4 duplexes (8 units), built 2013 in Bryan, TX/College Station - each on 1 acre - $1.8M package - 6.7% Cap
17. 8 trailer homes on 5 acres in Weatherford, TX (West of Ft Worth) - all rented - $350K - $4200 a month in rent
18. 17 newer build townhome units in single family community - $2.9M (bit pricey) - 5% cap - Mesquite,TX
19. 4 duplex package in Copperas Cove (outside of Ft Hood) - Class C - $565K
20. 4 duplex package in Marble Falls (west of Austin) - $780K - listed as 9% cap but waiting on financials.
21. 3 duplex package in North San Antonio - $660,000
22. Remodeled 16 unit asset in San Antonio, assumable loan - price is $1.995M
23. New build NorthEast San Antonio duplexes - $350k
24. Duplex & Single Family Portfolio in S. Arlington/Mansfield - $1.5M


NEW SINGLE FAMILY RENTAL LIST – BETTER SCHOOLS
Best ISDs to consider right now on Single Family are Keller ISD, Mansfield ISD, Northwest ISD, McKinney ISD, Birdville ISD

BUILDER INVENTORY
This time of year we start to see the builders get more aggressive on SPEC inventory. This has been limited since the Housing Bust of 2008 but I am getting more and more emails from builders with discounts on increasing inventory. Some still don’t allow investors but worth a look if wanting a newer product.

HALF DUPLEXES
This is becoming a more popular option than town homes. Typically better locations, lower price and No HOA fees gets them to a better cash flow number. Also popular for those investors working the AirBnB model to achieve higher cash flow.

FLAT FEE MLS LISTING (100s of Internet Sites) - $150 – GREAT WAY TO LIST FOR SALE AND FOR LEASE PROPERTIES
I offer a Flat Fee MLS/Realtor.com service to list your investment property or unit for rent on MLS. First listing is a flat $150 and each listing after is $125. The flat fee gets the property on MLS/Realtor.com and all the sites that pull feeds from those sources. Great exposure for your property. If you would like information on this program, please call or email.

FULL SERVICE LISTING - 1% Listing Fee
If you need more than the MLS Flat Fee service, I will be offering Full Service listing for only 1% on the listing side (still reserve 2-3% for buyer broker). Reduced commission but full representation of photos, signs, lockbox, negotiations, etc.

Please call/email for details.

Again, I am a State of Texas licensed Realtor that works with buyers to locate property. My focus throughout the Dallas/Ft Worth Metroplex are duplexes, 4-plexes and small commercial multi-family property. This blog is updated bi-monthly (I also send out a bi-monthly email with the latest property update, let me know if you would like to be added to that list).

Thursday, October 12, 2017

Texas A&M and Bryan, TX Duplex Portfolios

Two opportunities near Texas A&M for portfolio of duplexes.

#1 - 4 duplexes in Bryan, TX (close to A&M), built 2013, 1 acre sites
Price is $1.450M for the 4 duplexes OR
$1.8M for 7.5 acres of land next to it.


#2 - 8 duplexes 2 miles from Texas A&M, on the bus line.
$25,000 gross monthly rents
$36,000 NOI
$3.3M package price.

Wednesday, October 11, 2017

Two (2) Full Duplexes for Sale - Incorrect in MLS

There are TWO (2) full duplexes for sale - listed in correctly in MLS and stumbled across them.

One is is Central Ft Worth, solid location for under $400k. Larger units, Market rent is $1500 per unit.

The second is in Mansfield ISD, newer build, part of larger single family community. $465K with rents of $1950 and $1770. Both in desired locations especially for owner occupy.

Email for details.

Thursday, October 5, 2017

Coming Soon - 12 Duplex Portfolio

A seller I have dealt with in the past will be selling a 12 duplex portfolio end of year or beginning of 2018. Properties will be in the Lancaster/Desoto area. 10 of 12 duplexes are the same layout. Pricing will be from $200-$220K per. Always a solid area for rentals. Class C area. Email if interested when they are officially for sale.
Off Market package of 4 duplexes (3 for sale in 2017). These are located in South Ft Worth off of Altamesa and McCart. These are Class C properties in duplex community. They rent fast. Built mid 1980s. Property 1 $145,000 Each unit is 2 bed, 1 bath New Roof 2016 Monthly rent of $1450 Property 2 $145,000 Each unit is 2 bed, 1 bath New Roof 2016 Monthly rent of $1440 Property 3 $153,000 Each unit is 2 bed, 2 bath New Roof 2017 Monthly rent of $1590 Property 4 $150,000 Each units is 2 bed, 1 bath New Roof 2016 Monthly rent of $1490 Property 5 $145,000 Each unit is 2 bed, 1 bath New Roof 2016 Monthly Rent of $1460

Two (2) Tcu Rental Houses for Sale - Each with $5,400 rent

Two (2) newer build single family homes next to TCU for sale. Both are rental properties in 2 year leases. Both are 5 bed homes with great backyards. Built 2012 Both homes rented for $5,400 per month. Price is $555,000 per home. Solid cash flow in great area of Ft Worth next to TCU. These rent fast and way in advance. Email for details.