100 North Frost Street, New Boston, TX 75570

8 Bedrooms / 8 Baths / Multiple Family

Property Status: Available (Wholesale) |  For Sale: $222,000.00


Property Photos
100 North Frost Street (Image - 1)


NEW MULTI FAMILY! 8 UNITS! CURRENT CAP RATE 9.9%


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $222,000.00
Property Details:
8 Bedrooms / 8 Baths / Multiple Family
Property Style:
Four-Plex
Year Built:
1970
Finished Sq Ft:
3,740
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
Patio
Please read through property description for more pics
Contact Info
We Offer Options INC
(801) 865-4167

View on Individual's Website
Property Description:

LINK to google drive photos below:

drive.google.com/drive/folders/1ipCbnPbrnpiPbcBNf9qN7v71YitZt8wK?usp=sharing

(2) 4 plex buildings

All Studio apartments

3,740 sq ft

Built-in 1970

All rented and stays rented!

Tenants pay electric and gas. Owner pays water/Trash. Owner had a water leak last year making the water bill much higher than it should have been. Water can be passed on to tenants.

The property is dated but in rentable condition.

Current rents - $3,090 per month

Tenants have been told rents will increase or utilities will become their responsibility.

Purchase price $222,000

Cash or Hard/Private Money

NO OWNER FINANCING AVAILABLE

T12

Income: $36,949

ANNUAL EXPENSES:

Insurance $1,182

Maintenance/Repairs $3,941

Taxes $3,455

Water $6,368

Property Management (8%) Self - Managed

Total $14,946

Net Operating Income: $22,003

Current Cap rate 9.9%

Cap rate with property management – 8.6%

An earnest money deposit of $5,000 is required to reserve this property. Earnest money will be refundable for a short due diligence period to view and/or inspect the property. At that time Earnest Money will become NON-REFUNDABLE.

PLEASE READ

We currently have this property under contract. We are considering assigning our contract with the right partner. If you have interest please follow the instructions below:

1. Read through the entire POST. We try to answer many of your questions upfront.

2. If you are serious about the property you need to move quickly. Most of our properties are under contract within 2 weeks or less and closed within 3-4 weeks of us sending them out.

3. If you are interested in buying the property you need to have money lined up for a quick close. We may be able to help you with hard money but you will still need 10-25% down payment. We will give people that have their own money lined up priority. Most of our properties need to be taken out by cash through hard/private money or syndication.

4. If you have additional questions that we have not provided answers to (see number 1) please let us know. If we can get that information for you we will do so!

Please do not send this email out to anyone without our permission.

PLEASE DO NOT DISTURB THE OCCUPANTS

***Wholesalers Please do not re-market***

Inspection by appointment only!

For more information or to reserve this property,

contact Rebecca at 801-865-4167

For serious buyers, we can get you in the property.

IF YOU WOULD LIKE THE FINANCIALS PLEASE RESPOND TO THIS EMAIL PLEASE DO NOT ASK FOR FINANCIALS UNLESS YOU HAVE READ THIS POST IN ITS ENTIRETY.

PROPERTIES ARE FIRST COME, FIRST SERVE, AND SOLD IN "AS IS" CONDITION!

PROPERTIES ARE ONLY AVAILABLE TO CASH BUYERS WHO CAN CLOSE QUICKLY.

BUYERS MUST DO THEIR OWN DUE DILIGENCE BEFORE MAKING AN OFFER!

Thank you for taking a look!

Rebecca Jensen 801-865-4167 rebecca@weofferoptions.com

 

Location:
100 North Frost Street, New Boston, TX 75570



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.