I have some properties that I have found that could be great deals for someone wanting to get into the rental game or add to their portfolio. See below:
Four duplexes and Two four unit apartment buildings for sale all as one unit. 16 Units total. Totally rented with 90+% occupancy at all times. Each unit rents for $800 to $1100 a month. This one is in an upscale area and is for an experienced investor. Gross profit is about $14-16k a month. Property is in great shape and is across the street from the local police and fire dept. The gross rent multiplier is 8.1.
Fully rented 4 plex in Crowley (south FW). Each unit is 2/2, 830 sq ft, and all are identical. Rents average $535 per month, per tenant. 3 of the 4 tenants have been there for several years. Property is in good shape and has had several updates over the past few years, roof, a/c units, some appliances. Gross rent multiplier is 7.39.
Call or email me if you are interested in more information or to see either property. Remember, I can find others if anyone is looking for deals please call or email me anytime with their criteria.
Real Living Gateway
Manhattan Plaza6850 Manhattan Blvd, Suite 205Fort Worth, TX 76120