Houston MULTI-FAMILY DEAL – 18 Units, 14.5% Cap Rate & 4% Seller Financing

Location
Texas, Houston GMA

Overview

Property Address
2127 Maximillian St & 2232 Maurine St, Houston TX
Property Type
Year Built
1980 to 2010
ARV (After Repair Value)
836,000
Asking Price
578,550
Estimated Montly Rent
9400
Financing
Seller Financing
Repair Discription
No Repairs Needed, Fully Occupied
Investor Name
Susan Goldstraw
Investor Phone
(832)380-4870
Investor Email
susan@realacquisitions.com

Description

ADDRESS:
2332 Maurine, Houston, TX 8 Units
2117 Maximilian, Houston, TX 10 Units

PROPERTY DETAILS:
Units: 18 Apartment Units
Frame: Wood-Frame & Slab + Wood-Frame & Piers +Mobile Home
RECENTLY REMODELED
FULLY OCCUPIED!

HIGH POINTS:
After Repair Value $836,000
(Based on 10% Cap Rate)
Est Rehab $0
Cash to Close $173,550
Seller Financing $405,000
Instant Equity $258,000

FINANCING:
Take Over Existing Loan at 5.5%
Seller Financing Lien at 4% Second Lien
Down payment: $173,000 or BEST OFFER!


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