Showing window Saturday December 13th from 10 AM to 11 AM. Final and best offers due Monday at 12 PM. Well maintained quadplex in a strong rental pocket offering instant equity and clear upside for the next owner. All four units, 51, 53, 55 and 57, feature a two story layout with a living room, fireplace, wet bar, kitchen, dining area, half bath and laundry connections on the first level. Upstairs includes two bedrooms and a full bathroom. Interiors have updated paint and wood style vinyl plank flooring that holds up well to tenant traffic. This property sits within a federally designated Opportunity Zone which offers a strategic long term tax advantage. Each unit is individually metered and tenants pay all their own utilities. There is no HOA and no shared dumpster cost which keeps operating expenses very low. The location continues to attract reliable renter demand with convenient access to major commuting routes and area employment. Unit 55 is currently leased at 1300 per month. Market rents support 1300 to 1400 per month which provides immediate room for income growth as the remaining units are leased and stabilized. The property is clean and ready for the next owner to step in, finish leasing, and allow the equity and cash flow to follow. A straightforward value add opportunity with strong fundamentals and minimal heavy lifting.
© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anthony L. Brown shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright
Last Updated: . Source: NTREIS
Provided By
Listing Agent: Jacob Stevenson (#0706671), Phone: (469) 367-2655
Listing Office: Compass RE Texas, LLC. (#CMPS01)

Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.