27 Unit Apartment Complex. TRUE 17 Cap with Management in place!

Price:

$660,000

After Repaired Value:

$15,000 / month rent

Repairs:

$40,000

Specs: 

15675 SqFt 

Bedrooms: 33

Baths: 27

Garage: 0

Year Built 1962

Comments

Off Market apartment complex is Wichita Falls, Tx. Currently this complex has 24 units occupied and 3 vacant. It currently has a 17% cap rate with plenty of room to raise rents and get an above 20% rate.See the spread sheet inside and all docs for the past 2 years can validated and sent to you.It does need a little work which is allocated for.15k down. Heb homes. Closes 6/30.Rents are 14500/month.

For More Details, Call ME immediately.  Property is priced to sell!

J.D. Castillo

214-650-5493 Cell

Arlington High End Flip House

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North Arlington, Butler Elementary! Great flip opportunity in on of the most established areas of Arlington. Currently the property is a 3-3-4 although it can be easily converted to a 4-3-4. The property needs a solid rehab to bring in the ARV, but enough

money is allocated to bring to the top and do what you will with the pool! Maybe covert the back garage for a bonus. 

JD Castillo
214-650-5493





posting was created by a licensed agent agent; brokerage, United Investex 2, Llc

New Hurst Flip Property!

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Nice house on a corner lot with attractive curb appeal.  Property is on a canal lot.  Previous owners left in a hurry so there is some trash out work to be done.  Foundation appears to be level, however the roof may need some attention.  A/C looks good.  The garage will need some minor demo as a work room was added.

J.D. Castillo
214-650-5493

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posting was created by a licensed agent agent; brokerage, United Investex 2, Llc

Mid City Rental house For Sale!!

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Another great home in our bread and butter pocket! The area has only increased in value since we started buying and selling here. It does need half of the garage converted back, but according to tax rolls, the SF is still correct. This area rents or flips well. Basic rehab besides the garage conversion.

JD Castillo

214-650-5493

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Grand Prairie Investment '87 Build

I think this is a SOLID rental!!!   Rents are at $1350-$1,400 a month.   however, for a flip, I think you can say $135,000 -$140,000 is going to be top of the market.  The acquisition agent says that he determined the value via price per square foot in the area.   he is saying that we are worth $73/SqFt after rehab.  there are houses that have sold for as high as $76/SqFt with not very much rehab done to them and they did not have a pool.  With a $130,000 ARV and as a rental, after the property has been refinanced, you will bring in about 26% ROI!!! 

JD Castillo

214-650-5493  

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Northside Investment Property

North Central Property