Anybody looking for a duplexes in Fort Worth?
I've got Four fully tenanted duplexes (one unit is in turnover currently) at $900/mo per 2/2 1097 sqft unit. The units are in varying condition, from "needs $5K in work" to "updated and rent ready", but at $900/mo, these are pretty low for the area, even for duplexes. With low vacancy and a total gross monthly income of $7200/mo, these things are quite the cashflow machines! Let me know if you are interested. thanks!
Price: $600,000 for all 4 duplexes (8 units)
Rehab: None currently (all fully tenanted), but possibly $20-40K eventually for deferred maintenance.
Rents: $7200/mo ($900/unit)--one is currently vacant while it is being updated to prepare for the next tenant.