75216 Fully tenanted duplex on double-wide lot!

Home Forums Real Estate Community Chatterbox 75216 Fully tenanted duplex on double-wide lot!

This topic contains 0 replies, has 1 voice, and was last updated by  Stephen Salerno 3 months, 2 weeks ago.

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    Stephen Salerno

    Price: $61,000
    ARV: $80,000
    Rehab: $10,000 (cosmetic fixes, and budgeted for foundation though it probably won’t be necessary)
    Rent: $1100/mo -this is pretty much market rate around there.

    Dallas, 75216 – This is a 1/1, 540 sqft per-side duplex that is currently being rented for $550/side. It needs some sprucing up, but both tenants are happy, paying, and want to stay, which is the best kind of tenant, really. A nice bonus is that it has a double-wide lot, which would probably be able to be subdivided and either sold or built on. Good cash flow (16% CAP with expenses).
    Call 214-643-8464 for more details, photos, comps, rehab breakdown, and access!

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