Tri-Plex Port Arthur, TX
4025 griffing dr. Port Arthur, TX
Current bid - $231,000
Buy now - $247,000
The Main house on this property is aproximatly 1583 sqft. the other 2 units share a 2 story building both the upstairs and downstairs units are aproximatly 650 sqft each. For a total of of about 2,900 sqft. With a monthly Gross rental income $2,740 this property passes the 1% rule as-is. There is plenty room to add value and raise rents here. This property has been maintained on an as-needed basis, all major structures and functions of this property are in ordelry worrking function. Cosmetic upgrades will bring more life and increase value in this property.
Tenants pay all utilities.
Financials
Total Gross income $32,880
10% maintnence $3,288
Taxes and insurance - $9,000
Net operating income - $20,592
Property details
built 1962
total sqft 2,883
lot size 0.32 acrres
Unit breakdown
4025-$1,350/mo (main house)
1583 sqft 3bd 1bth
4027/4029-$695/mo
650 sqft(2x) 1bd 1bth
Now accepting offers Cash or Seller financing
Contact-940-230-3725
