Below is the MARCH 2021 property update. Inventory is still really low. There were only 17 Quads and 77 duplexes listed in North Texas right now. Low inventory is keeping pricing inflated. Still getting deals done and interest rates are still low. Please let me know any questions.
MARCH 2021 PROPERTY UPDATE
OTHER PROPERTIES FOR SALE – Updated 3/1/2021
1. Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.660M ($420,000 per) - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.
2. 4-plex on Lake Granbury - 4 boat slips included, recently updated - $6,700 month rents - walk to Granbury Square - Great Location - $950,000
3. Garland - 4-plex - $525,000
4. New 2-4 unit community - south of Mansfield, another high growth area - 4-plexes are $712K - (10 left) - Seasoned Builder, duplexes sold out
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 - New Build Townhouses - $400K - 3 bed units
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. 18 units in Bryan, TX (Texas A&M) - $950,000 - Walkable location to restaurants and retail
11. TCU Rental home - $500,000 - Long term lease - $3,100
12. 8 condo units, Magnolia area of Ft Worth (great area) - $2.4M (price too high) but worth a look, regular rental or AirBnB possibilities
13. 3 duplex package in San Marcos - 1 block from college - $975,000
14. 5 newer build townhomes - Great North San Antonio area. Properties on popular running trail. $9,200 monthly rental revenue - $1.55M
15. 8 unit property in South San Antonio - $550,000 - Some units remodeled, a couple as Airbnb.
16. 4-plex in College Station (Texas A&M) - fully occupied at 8% Cap - $365,000
17. 30 unit class C apartment complex - Conroe, TX (NE Houston) - Fast Growing area.
18. 14 single family home portfolio for sale in Stephenville, TX - $235,000 NOI
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $175 – FOR SALE OR FOR RENT PROPERTIES……
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.
