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.
