Saturday, February 2, 2019
TEXAS INCOME PROPERTIES - DFW TO HOUSTON TO AUSTIN - FEBRUARY 2019 EDITION
Texas Real Estate Commission Information About Brokerage
Thanks for visiting the DFW Investment Blog,
2019 is off and running. We are starting to see more inventory come to market. Texas remains incredibly strong for job growth and relocations.
Below is the FEBRUARY 2019 update. Please let me know your property parameters for 2019 and can keep a search profile up to date for any new property matching the parameters.
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.
FEBRUARY 2019 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 2/1/2019
0. Duplex package - 5 duplexes in Ft Worth (year 2008 build). 10 units total. Priced a bit high at $279K per but guessing lower for package
1. New build 4-plexes in San Antonio - $565K - 7% Cap Rate - BRAND NEW - Nice Large Units
2. 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)
3. NEW BUILD - Duplexes brand new in fast growing Conroe, TX (North of Houston) - $440,000 - large units, onsite mgmt - 20 duplexes
4. 8 Unit Comm MF in New Braunfels - Class C - Strong growth, few of these small MF properties $700K
5. New Build 4-plexes in San Antonio - $575,000 - $1,250-$1,300 rent per unit - tenants pay utilities.
6. 17 Unit MF in North Richland Hills - upside in updates and rent increase
7. BUILDER NEW duplexes - San Antonio - $305,000 per duplex (2 units).
8. 12 Unit Comm MF in Grapevine, TX - Great area - $1.95M
9. 17 unit Comm MF in North Richland Hills - $1.85M
10. 8 Duplex package in College Station - Walk to Campus - Each unit is 4 beds, 64 beds total - 6.5% Cap - $2.9M
11. Class A student housing in Waco,TX (Baylor) - $3M for the package - 6.3% Cap
12. New Build duplexes - 20 minutes east of Austin - Great Growth - Package is $840,000 (3 duplexes total) - each 3 beds per unit
13. 7 Home Package for Sale - Homes recently updated - Mesquite, TX - $1.5M (was told seller motivated).
14. 14 Townhomes in Garland - $1.9M
15. 32 units Class in Garland - $2.7M
16. 11 Townhome Units in Central New Braunfels - New Builds - Already Leased - $2.4M
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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