$1,925,000
7 Duplex (14 unit) Package in Kennedale, TX
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Duplex portfolio
Units 14
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.5%
Pro-Forma NOI $163,721
Class C
Year Built 1981
Buildings 7
Zoning Duplex
Investment Type Stabilized
Sale Condition 1031 exchange
7 Duplex (14 unit) Package in Kennedale, TX
Marketing description
7 Duplex (14 unit) Package in Kennedale, TX. All 2 bedroom 1 bath units with each unit size ranging from 785 to 840 sq ft. Each has a full yard with fence and parking in front driveways. All utilities metered separately and paid by tenants. Upside in rents with many long term tenants. Rents could be raised to market rents ranging from $1,300 to $1,400 per month. Convenient location to 20/287/820 highways. Occupied Properties. Do Not Disturb Tenants.
Investment highlights
- Convenient location to 20/287/820 highways
- All 2 bedroom 1 bath units
- Each unit size ranges from 785 to 840 sq ft.
- Each has a full yard with fence
- All utilities metered separately and paid by tenants
- Many long term tenants
- Market rents range from 1300 to 1400 per month
- Units built 1981-1983
- No HOA
- Parking in front driveways
- Package deal pricing compared to recent comps
- Onsite maintenance available
- Pro forma available
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Zoning
D ResidentialTwo FamilyTwo Family Duplex Residential District
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