5-unit income property (triplex plus duplex) in Tarrant, all 2BD/1BA units. 3 of 5 units are occupied with a current gross rent of $1,780/mo and upside to $3,180/mo at full stabilization. Two vacant units are ready for lease-up, letting the next owner add $1,400/mo in income at market rents from day one. Investor-ready asset priced at $240,000. Conventional or DSCR financing expected. Triplex units are separately metered; the owner pays for water for the duplex, split 50/50, and tenants pay their own trash. Property management is in place at 8% of the collected rent. No active pest contract. 48-hour showing notice required.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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