DESCRIPTION:

Don’t miss your chance at this turn-key cash flowing multifamily investment opportunity in Britton subdivision of La Marque!

The property was built in 1974 and was recently fully renovated. This 9-unit multifamily investment sits on a 14,478 sqft lot and is priced below appraised value!

8 units are already rented with one vacant 2/1 unit left, and each tenant is on a lease.

6 units: 2 bedrooms and 1 bathroom/ rented at $875/month each.

2 units: 1 bedroom and 1 bathroom/ rented at $600/month each. These units are lower priced from the projected $775/month- due to paying for power for the washer and dryer room that is located below the units.

1 main house: 3 bedrooms and 1 bathroom with 784 sqft of living space. Rented at $1,050/month

REHAB:

No repairs needed! Recently renovated!

MISCELLANEOUS:

Showing to be determined- do not disturb!

Separately Metered units!

Tenants pay their own utilities!

Appraised at $800,000!

Current Gross Monthly Income: $7,000/month

Projected Gross Monthly Income: $7,500/month

Washer/dryer room brings in $300/month

Expenses:

Insurance: $8,000/year

County Taxes: $4,284/year

School Tax: $4,519/year

Lawn care: unknown amount

Flood zone code X500