Thursday, January 14, 2021

MID JANUARY 2021 - Duplexes, Quads, Commercial MF List - Texas

I hope your 2021 is off and running. Starting to see new listings hit the market and talk of more. Pricing of course still to be determined but a much faster start than last year this time.


Below is the MID JANUARY 2021  property update.  Please let me know any questions.
   

 
MID JANUARY 2021  PROPERTY UPDATE








OTHER PROPERTIES FOR SALE –  Updated 1/15/2021
 
     0.       15 Townhomes in North Euless - $2.1M…. 7 units updated…$15,500 in monthly rents - 100% occupied (currently) - next door to newer $300K+ homes (pictures)
     1.        Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.660M ($415,000 per) - Fast growing area, 15 minute drive the the crazy      growth  of Oklahoma  Casino (Winstar) but in Texas.
     2.        AirBnB Duplex - Lewisville Lake - $575,000 
           3.        Brand new duplex community in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per duplex - $2.850 rent per duplex
           4.        New 2-4 unit community - south of Mansfield, another high growth area - Duplexes - SOLD OUT - 4-plexes are $685K - (13 left) - Seasoned Builder
           5.        New 4-plex community in NW Houston, near Woodlands, $760,000 - Expected rents of $1,500 per unit - $6000 per quad - great area - gated
           6.        TCU area - Year 2018 duplex - Long Term Leases - $91,000 NOI - $1.5M - upside in rents scheduled to increase
           7.        Another duplex New Build community in the Woodlands (Houston) - marketing hasn’t been released yet - will sell out fast - $455,000
           8.        24 units in Waco - $2.2M - Built 2015 - solid units, great location
           9.        REHAB PLAY - Two duplexes - East Dallas - Rehab Play - Solid location near Arboretum - $270k each (high but worth working)
          10.       REHAB PLAY - Two duplexes in Bishops Arts - across from park - $315k each (high but worth working)
          11.       Lake Granbury (West Ft Worth) - development opportunity - ON THE WATER - 3 Lots
          12.       6 townhome units (year 2020 build) - Conroe area - $1,350M
          13.       8 condo units, Magnolia area of Ft Worth (great area) - $2.4M (price too high) but worth a look, regular rental or AirBnB possibilities 
          14.      5 year 2003 townhomes on the Tobin Park Trail - $1.55M - one town home is 12,000 sqft, 3 story and could be split up to 3 units.


 
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $175 – 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. As of January 1st, 2021, the MLS Listing Fee is $175 for all listings….. 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.




Wednesday, January 13, 2021

Newly listed quad plex in Euless - $440,000

 Great opportunity for income 4-plex in Euless. Central location, established street of rentals. Not many quads on market and this one priced in right range.


Price of $439,000


4 units - each unit is 2 bed, 2 bath


Rents are $850 per unit....$3,400 gross rents.


Master water meter paid by owner, opportunity to implement bill back for extra income.


Lack of inventory, this will move quickly...


Email for details.....I don't represent the seller, I work with buyers to purchase income property. I'm always looking for cash flow opportunities.


15+ years Realtor experience.

1% Full Service Listings

$175 to place on MLS - Great for Investors....

Updated list sent out 2x a month.

Tuesday, January 12, 2021

Two Duplexes in Waco (near Baylor) - 4 units total

 Just listed in Waco. Two duplexes, 4 units. Fully rented. Tenants pay utilities....

Each duplex is $319,900.  ($639,800)

Each unit is 4 beds, 4 baths, rented at $1440.  ($5760 gross rents on all 4 units)

Built Year 2000.....

Solid cash flow, let me know interest.

Tuesday, January 5, 2021

Coming Soon - Denton 4-plex - Large Units

Off market 4-plex in Denton - soon to be listed...


Denton  76205.

Two units are 3/2
Two units are 2/2

Owner pays water - approx $200-$250/month per seller

They are getting an average of $1230 rent per lease. I ran market comps and that area getting $1300+ rent on those unit sizes. Room for improvement.

New roof 2017. They said units in good shape (I have not seen interiors).

They will be asking $675K most likely.  With ability to bump rents another $70-$100 per month, the overall number gets better.

Saturday, January 2, 2021

Car Impound Business for Sale - 2,800 contracts

 I have a RE client that is selling his car impound yard. Existing business since 1972. He has contracts with 2,800 properties in the DFW area. Gaining more each month.

Per seller, he has $38,000-$60,000 cash flow per month. Well established business.

3.5 acres with 4,000 sqft building onsite

Seller will be handling this direct, if you have an interest, let me know and will put interested parties together.

Asking $5M.