Tuesday, January 14, 2020
TEXAS CASH FLOW PROPERTY UPDATE - MID JANUARY 2020
Texas Real Estate Commission Information About Brokerage
Thanks for visiting the DFW Investment Blog,
Welcome to 2020, I hope everyone had a great holiday season and ready for 2020. As I mentioned last year, the Texas market remains strong for growth and population increase. Multi-family property continues to be strong as rental rates have continued to increase. Pricing, as always, remains to be in flux. Properties priced in a 7+% Cap range typically sell pretty quickly and with multiple offers. Properties priced in the 5-6% Cap range will typically sit on market for longer periods of time. To get deals, YOU MUST MAKE OFFERS. Sellers are not typically getting their inflated list price, but will work offers that make sense.
Let me know what I can do for you in 2020.
Below is the MID JANUARY 2020 update. Sellers looking to sell.
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 JANUARY 2020 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 01/15/2020
0. 15 Townhome package in North Euless off Hwy 360 - $2M - Off Market (Great location).
1. Brand new 4-plexes and Duplexes south Dallas, next to Google Data Center - Ready 2020….Lots of Options, solid builder
2. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
3. New build duplexes in New Braunfels, north of San Antonio - $355K - decent selection
4. San Antonio 4-plex - $656,000 - Brand New Build
5. Denton Townhomes - packages of 7 and 10 - $1.5M - Newer build - Residential surroundings
6. 2 duplexes in Bastrop (outside of Austin) - $650,000
7. Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Large Units - $38,400 gross annual rents per duplex ($153,600 all 4 duplexes)
8. 4 unit property Texas A&M - on TAMU Bus Route - $365,000 - 8% Cap
9. 4 plex East Austin - $439,000 - 7% Cap
10. 3 duplex package in Weatherford (west of Ft Worth) - Year 2009 build - $1.250M
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. 14 units Central Denton, near colleges - $1.350M
13. Full renovated duplex in Central McKinney, near downtown - $399,000
14. Full duplex in Desoto, $370,000 - each unit 3/2 area rents $1600-$1700 per unit
15. Full duplex in Mesquite, year 2006 - 3/2 unit - $315,000
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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