Hello, and thanks for visiting the InvestDFW Blog......
I hope all is well. We have 2 months left in a very interesting 2020. Typically this time of year you start to see sellers get very serious on selling to clear the books and buyers looking to use 1031 funds by end of year. Inventory is still low overall. We had a run on duplexes in September but that seems to have leveled out again. 4-plexes are very hard to find and when they hit the market, typically inflated in price. Small commercial MF are out there. I’ve found a few options on single family homes with tenants already in place with longer leases.
Not sure what will happen with the election and a phase II Covid Run….lots to be determined. I will say real estate in North Texas has been very solid. Tenants are still paying full rent in most cases and the limited inventory on single family and investment property has kept pricing in line.
Below is the NOVEMBER 2020 property update.
Please let me know any questions and any updated parameters you have.
Short list of cash flow property below (FULL LIST available at http://investdfw.blogspot.com/).
NOVEMBER 2020 PROPERTY UPDATE
OTHER PROPERTIES FOR SALE – Updated 11/1/2020
2. THREE duplex package (6 units) - South Arlington near hospitals/retail/entertainment - Year 2005 - $357,000 each - overpriced but worth a look as a package.
3. Single Family Builder Homes around Ft Worth - $180K range price point - brand new builds - $180K price point
4. Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.
5. Waco MF package - 9 duplexes and 5 4-plexes - 38 units total - built from 2009-2016 - $4.3M
6. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
7. 30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package (additional 20 duplexes in same community available from another seller - also $215K per - Solid opportunity to own a complete subdivision of duplexes.
8. 26 townhomes - Garland, TX - Growing area of Garland near new Shopping/Restaurant area
9. 24 unit complex, East, TX - Great town - 8.5% on Actuals (per list agent)
10. 14 unit complex - West Ft Worth (5 minutes to downtown/cultural/restaurant areas) - Many recent updates - SOLID LOCATION.
11. 8 unit building in Central Dallas (off Tollway) - Upside in renovating additional units - $850K
12. 18 units in heart of Bryan, TX (3 miles from Texas A&M) - solid buildings - $950,000
13. 25 units in Desoto - Fast Growing, Class C - $2.550M - Area rents very well.
14. 12 duplex portfolio (24 units) - Weatherford (fast growing West Ft Worth) - $3.4M
15. Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per
16. 6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex
17. 15 duplex portfolio in Huntsville (Sam Houston St) - Solid income producing properties - $2.5M - 7.5% Cap - Year 2001 builds
18. Brand new 4-plexes - South DFW - $690,000
19. 9 single family homes with tenants in place - Far North Dallas/Collin County
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $150 – FOR SALE OR FOR RENT PROPERTIES…… (http://flatlistingfee.blogspot.com/)
I offer a Flat Fee MLS service to list your investment property For Sale or 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 – Only 1%
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.
Please call/email for details.
