Friday, April 30, 2021

MAY 2021 - DUPLEXES, QUADS, COMMERCIAL MF - UPDATE

Below is the MAY 2021  property update.  Still a tough market on offers. Buyers are differentiating themselves by paying for Seller Title Policy, signing appraisal waivers and closing as fast as possible.  

 
MAY 2021  PROPERTY UPDATE








OTHER PROPERTIES FOR SALE –  Updated 5/1/2021
 
     0.       8 unit property in New Braunfels - great area, high growth - $949,000
     1.        Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.7M ($432,000 per) - Fast growing area, 10 minutes to Denton, 15 minutes to the Winter Casino area of Oklahoma - $154,600 Gross Annual Rents 
     2.        8-plex - Class C - Bryan, TX - Walk to Texas A&M - $680,000
           3.        8 Unit - new build construction - East, TX - $1,250,000
           4.        Year 2019 build - 8 unit Property next to TCU (Ft Worth) - $1,500,000
           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 - 10 remaining lots as of 3/14.
           8.        Brand new Townhome Community for 55+ age group - $900K for 5 units
          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
          19.       4 single family home portfolio (Mckinney, Little Elm, Denton, Rockwall) - $130,000 Gross Annual Rent - $1.646 List Price


 
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.


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Wednesday, April 14, 2021

MID APRIL - TEXAS - Duplexes, Quads, Comm MF Update

 NOTE: Please visit the  http://investdfw.blogspot.com/ - I keep posting additional properties on the website.



Well, the 2-4 unit market is unreal. Tough time to be a buyer. I listed two duplexes this past week and each had 10+ offers, appraisal waivers and more. Deals are getting done but be ready to give your best offer. Texas is seeing a lot of West Coast 1031 buyers bringing cash to float these deals. 

IF YOUR SELLING, let me know. Great opportunity to take some money off the table in this current environment.


Below is the MID APRIL 2021  property update.  

Short list of cash flow property below (FULL LIST available at http://investdfw.blogspot.com/).
 
 
MID APRIL 2021  PROPERTY UPDATE








OTHER PROPERTIES FOR SALE –  Updated 4/15/2021
 
     0.       8 unit property in New Braunfels - great area, high growth - $949,000
     1.        Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.7M ($430,000 per) - Fast growing area, 10 minutes to Denton, 15 minutes to the Winter Casino area of Oklahoma - $154,600 Gross Annual Rents 
     2.        8-plex - Class C - Bryan, TX - Walk to Texas A&M - $680,000
           3.        8 Unit - new build construction - East, TX - $1,250,000
           4.        Year 2019 build - 8 unit Property next to TCU (Ft Worth) - $1,500,000
           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 - 10 remaining lots as of 3/14.
           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)
          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
          19.       4 single family home portfolio (Mckinney, Little Elm, Denton, Rockwall) - $130,000 Gross Annual Rent - $1.646 List Price


 
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.




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Thursday, April 8, 2021

TWO Duplexes - COMING SOON - For Sale - Fort Worth and Waxahachie

 Two duplexes coming to market. Waiting on final photos.


Duplex # 1 - 76134  (South Ft Worth). Easy access to I-35 and I-20. 


Year 2015 build - each unit is 3 beds, 2 baths, 1 car garage. Very clean. Street of duplexes that stays rented.


Current rents are $1,100 and $1,110  ($2,210 gross) - current street market rents are $1,250 per unit.


List price will be $289,900.



Duplex #2 - 75165 - Waxahachie - Right off I-35 - high growth area and lots of renters.


Year 1984 build - each unit is 2 beds, 1 bath.


Current rents are $875 (long term tenant) and $1050 - $1,925 gross


List price will be $249,900.


I expect to have these listed by the weekend with photos. Please email with any questions.


Thanks.


Jim

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