6 Duplexes, 10 Additional Lots, & 10 Acres in Texas

[Colby Brown]

I have an opportunity to buy 6 nice 2,600 sf duplexes within 15 miles from my home.Five of these duplexes are 3 bedroom and 2 bath, and one duplex is a 2 bedroom and 2 bath. They are all brick and have plenty of curb appeal. The 10 additional lots are ready to build on and an additional 10 acres borders the property. You would own the entire street. All 12 doors are currently rented, and the rental competition in this town of 3,000 is slim to none.

Price = $700,000

Taxes and Insurance = $2,000 per month

Rental Income = $8,700 per month

If purchased, I plan to pay down 20%...

Would you consider this deal? I look forward to hearing from you all and THANKS in advance for your input!!

Respectfully,

Colby T. Brown