Off Market - Package of 4 duplexes - 2018 Build

A seller contacted me about selling his package of 4 duplexes (8 units). Off market, not on MLS.

Each duplex is 3 beds, 2.5 bath, 2 car garage, built in 2018/2019. Properties are in a residential community north of Denton,TX. They are in Sanger, TX, off I-35. Single family residential surrounds the properties.

Package price is $1,650M.....
Owner is getting $1600 per unit, $3200 per duplex and $38,400 annual rent. Some other units getting $1650 in rents in the neighborhood.

Builder warranties in place.

Expenses per owner:
Taxes: $7,000 (you would budget higher, I would say $9,000 - 2.3% tax rate)
HOA: $55 per duplex (keeps the community in line with properties being maintained) $660 annual
Insurance: $1,500 (approximate)
Maintenance: Approx $500 per duplex (newly built and low maintenance).


With 25% down, these properties offer a long term stable investment with room to grow the rents. New builds, low maintenance.