Dallas-Fort Worth Real Estate Investor Club

Great Multi-Family Deals

  • 26 Mar 2009 10:31 PM
    Message # 134661
    Deleted user

    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.

    Joe McIntyre

    Real Living Gateway






Powered by Wild Apricot Membership Software