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Updated over 7 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Agent
  • from Dallas, Texas
  • Member since Mar 6, 2017
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Agent
  • from Dallas, Texas
  • Member since Mar 6, 2017
Connect
Account Closed
  • Real Estate Agent
  • Dallas, TX
5
Votes |
76
Posts
Classifieds

13% Cap Rate Rental in Grand Prairie (Cosmetic work only)

Account Closed
  • Real Estate Agent
  • Dallas, TX
Posted

OFF MARKET duplex in the heart of Grand Prairie right off Pioneer Parkway. Currently has great tenants and is renting well below market value. HUGE value add by increasing the rents 100-150/mo/side. At 700 a side, the cap rate goes up to 13.5% capitalization rate! One side has new HVAC and the property overall is in great shape. 

Purchase: 120,000

Rehab: 3,500

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