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NEW PROPERTY in Carrollton 75006 (Off Market Full Duplex) from John @ NetWorth Realty DFW

From: John R.
Sent on: Thursday, February 5, 2015, 2:54 PM
Rare OFF MARKET Full Duplex opportunity in Carrollton. The properties are in very good shape. With current rents and expenses you will be capturing above an 8% Cap Rate. The subject property is has access to tennis courts and walking trails. You will never have a problem finding tenants. Looking at comparable rents I think without any work you can get each side to[masked]/month. If the owner would put in some updates to the kitchen you could see the rent reach closer to 1600/month.

Side A is leased for $1495/mo and the lease ends 7/2015
Side B is leased for $1395/mo and the lease ends 6/24/15

As it sits its we are a 8.23% CAP, but easily could get to a 9 % CAP with little effort.

Carrollton, TX 75006

ARV: $8.23% Cap Rate
Cost: $300,000
Rehab: $0
Gross Profit: $24,693/ Annually

Sq Footage: 3810
Bedroom: 6
Bathroom: 4

Down payment: $6K
Closing 9/25


IF YOU HAVE INTEREST PLEASE CALL ME. I CAN PROVIDE MORE INFORMATION AND ACCESS AFTER WE'VE MET IN PERSON. IF YOU WOULD LIKE TO BE ON MY LIST YOU NEED TO MEET WITH ME AT MY OFFICE. ITS FREE TO BE ON MY LIST.

Call me if you have any questions.

Thank you.
--
My Business runs on referrals. Keep them coming. Thank you!
John C. Roh
Sales Associate
Licensed Real Estate Agent, #625488
NetWorth Realty of Dallas/Ft.Worth
5057 Keller Springs Rd. Suite 300
Addison, TX 75001
([masked] cell
[masked] office