Multifamily Mega Deal

[Telless Cade]

I am putting together information on 16 unit apartment complex in East Texas. This is a little outside our standard opportunities but I know everyone is interested in a small apartments. Here is your opportunity.

Asking $500,000

Gross Rent: $73,140/ year  

Property management cost is approx. 10% of the income. 

Landlord pays water and cable which is roughly $650/month.

Annual expenses are roughly $21k.
Annual income roughly $72k based on 93% occupancy.

That's 15 of the 16 units occupied which is currently the occupancy.

Call 214-974-8882 for more information.