Wednesday, February 19, 2020

Off Market Properties that I know of.......

Some off market opportunities that I have been contacted about....

3 Duplexes in SW Ft Worth, solid location. $190k per duplex ($570,000), $1800 rent per duplex. 1980s build. Seller would sell as a package.

. 4 duplex package in North DFW (Sanger, off I-35). High growth corridor along I-35. Lots going on in Denton area these days. These duplexes are in a single family community. All units leased with upside in rents. Current rents are $3,200 gross per duplex, upside of $50 in market rent. Seller asking $415,000 per duplex ($1,660,000) for package. 2018-2019 builds. Very clean and clean area.

Duplex next to TCU, $560,000, $4,200 gross rents. New Updates. Easy walk to campus or Blue Bonnet Circle.

Single Family house 2 minute drive to TCU, 3bed, 2 bath, getting $3,250 rent. Asking $415,000. Large lot and good street traffic to advertise for renters.


Some that I liked that are marketed on other public sites: 1. 11 units in East Central Dallas at $1.5M - 5.8% Cap - worth watching as updates already done on it and solid area.

2. 11 single family portfolio in North Dallas/Garland - $1.5M - 6% Cap. I havent had chance to visit them all, looks interesting if price gets down a bit.

3. 5 plex in Old San Antonio - waiting on actual numbers but advertised at $480K and 6.4% Cap in solid location.

4. 9 duplexes in Killeen, TX (90 miles from Austin and military base area). $1.93M - Its an interesting sub market that has stabilized over time. The military is a huge presence in that area.

New Build 4-plex in NW Houston, last one in the development, build starts in 45 days. It has been a very successful community. 6.7% Cap - $690,000


I'm tracking some others and will add to site when I see actual data. Jim