Quadplex in Fort Worth! This has the opportunity to have some great cash flow. Not many comps around the area, but there is a very similar quadplex that is renting out for $650/unit and the finish out is nothing fancy. Also another multi-family unit in the area is renting for $750/unit. Subject property needs some foundation work (will have bid shortly), and some cosmetic work to get it rent ready (All bathrooms have been updated, newer flooring and paint, new roof, electrical and plumbing are good to go). Budgeted an extra $3,000 for each unit to spruce it up a bit. Could easily be less. Great property to start the new year off with!
Purchase price: $230,000 CASH ONLY
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth # 587060