Investor selling two newer build homes with TCU students already in place. These homes are grandfathered in the TCU Overlay that was passed - meaning, they are allowed to have 5 unrelated tenants under one roof....you can no longer do a new build with 5 unrelated tenants in the TCU overlay.
These properties typically rent a year out on 2yr leases. Current rents are $5,400 for each home. New leases through 2019.
Solid location and newer build construction. Both 2 story homes with good size yards (very much desired by tenants).
Each home price is $565,000 ($1,130,000 total).
Very good cash flow with $5,400 rent. Won't last long.
Email for details.
The owner lives out of state. I am licensed agent answering questions on the property.