MID DECEMBER - INCOME PROPERTY UPDATE - 2-4 Unit, Comm MF - Texas

Texas Real Estate Commission Information About Brokerage

Happy Holiday Season and thanks for visiting the DFW Investment Blog,

We are starting to see the market turn. Higher rates and inventory staying on longer has sellers getting more realistic on pricing. You will see a higher inventory in the list and links below. Texas remains a very strong market for rentals and with sellers getting more realistic, we are starting to see some deals get done. I expect this to carry in to 2019 as the overall housing and investment property market continues to accumulate inventory until pricing gets manageable again.

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 DECEMBER 2018 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 12/16/18

0. TWO (2) 4-plexes for Sale - Irving, TX - Renters paying $900 per unit - Stable Area (8 units total). 6 of 8 units updated.
1. Three 4-plexes for sale in SW Ft Worth - high drive location - $965,000 for all three - 7.5% cap
2. FOUR townhome units in Lakewood (Dallas) - Built 2008 - Out of Country Owner being misrun - asking $1.4 - I think opportunity in low $1M to pursue
3. 8 Unit MF in New Braunfels - off I-35 - Great Location and area for Renters - $650,000
4. New build 4-plexes in San Antonio - $565K - 7% Cap Rate - BRAND NEW - Nice Large Units
5. NEW 4-Plex Project - Cypress, TX - 4-plex community being built - high end finish - mgmt in place - $689k per 4-plex - high end finish (duplexes also available)
6. NEW BUILD - Duplexes brand new in fast growing Conroe, TX (North of Houston) - $440,000 - large units, onsite mgmt - 20 duplexes
7. 10 Townhome Packege - North Central Arlington - 7.2% Cap - $1.1M.
8. New Build 4-plexes in San Antonio - $575,000 - $1,250-$1,300 rent per unit - tenants pay utilities.
9. 17 Unit MF in North Richland Hills - upside in updates and rent increase
10. 10 townhome Package in South Grand Prairie - $995,000 - $950 is average rent per unit - Class C
12. 22 Single Family Portfolio (all together) - Boyd,TX in Alliance area of North Ft Worth) - Solid #s - 2008 build - $2.7M
14. 7 Units in Krum - $995,000 - $90,000 gross rental
15. East Texas Duplex package - 9 total duplexes, 18 units - $2.75M - Built 2014, Gated Community. Very Clean.
19. NEW Build duplexes - NorthWest San Antonio - $369K per.
20. 8 Duplex package in College Station - Walk to Campus - Each unit is 4 beds, 64 beds total - 6.5% Cap - $2.9M
21. Class A student housing in Waco,TX (Baylor) - $3M for the package - 6.3% Cap
22. New Build duplexes - 20 minutes east of Austin - Great Growth - Package is $840,000 (3 duplexes total) - each 3 beds per unit
24. 7 Home Package for Sale - Homes recently updated - Mesquite, TX - $1.5M (was told seller motivated).
25. 14 Townhomes in Garland - $1.9M
26. 32 units Class in Garland - $2.7M
27. 11 Townhome Units in Central New Braunfels - New Builds - Already Leased - $2.4M
28. NEW BUILD duplex in Denton, TX - close to TWU - $425,000
29. Bedford duplex for sale by owner - $400,000 - 3/2 unit, 2/2 Unit
30. Euless 4-plex for sale - $458,000 - 2bed/2bath units



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 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 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.



Texas Real Estate Commission Information About Brokerage

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).


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