7 unit - Port Authur, TX - Portfolio sale!
4025 griffing dr. Port arthur, Tx
1121 S 12. St. Nederland, Tx
current bid - $65k/door = $455,000
Buy now - $69,500/ door = $486,500 total price
This deal will cash flow from day one. It crushes the 1% rule and will continue to cash flow even more after cosmetic renovations have been done and rents are raised.
This 7 unit portfolio deal is made up of a quadplex and a tri-plex. The quadplex is located at 1121 S 12th St. Nederland, TX and the tri-plex is located at 4025 griffing dr. Port Aurthur, TX. This property has been under the same ownership for many years and have been maintained on an as needed basis, the owner is now ready to retire and sell these assets. Owner financing can be available with a compelling down payment. Feel free to contact me with any queestions in regards to this deal!
Tenants pay all utilities.
Financials
$73,380 - Total Gross Income
10% maintnence - $7,338
Taxes & insurance - $12,120
Net operating income-$53,922
Property Details
4025 griffing dr. Port Aurthur, TX
Built 1962
3 Units - 2,900 sqft - lot size 0.32 Acres
current rent $2,740/mo. can raise to $3,300
3/1 main house-$1,350
1/1(2x) apartment-$695/ea
Built 1962
4 Units - 3,250 sqft Lot size: 7,000 sqft
3/1 main housee-$1,150
1/1 back house-$725
2/1-1/1 duplex-$750
currrent rent $3,375/mo can raise to $3,950
Call 940-230-3725 Jalam Alexander
