8 Duplexes In Denison!

 

 

 

 

 

 

 

 

 

 

View April Rents

Offering 8 duplexes in Denison, Texas for $680,000!

Current Cap Rate just over 10% and Proforma CAP of 17%!!!!

4 units are rented at $750/mth and rest of the units expected to rent to at $750/mth by years end and most to be done by the end of summer 2017. Each unit is approximately 1,000 sq. ft. Units are all either 2/1 or 3/1, all built in 1962. All have been fully renovated except 1. Updated electric.

The current annual expenses are just shy of $30,000. The current gross income based off of last month’s rental income will be around $93,000. Putting the current CAP rate right just over 10% with a sells price of $680,000. At years end the projected annual gross income will be $144,000 with an annual net income of $114,000 and a CAP rate of 17%.

Property Addresses:
818 W Texas St., Denison, TX 75020           827 W Monterey St., Denison, TX 75020
822 W Texas St., Denison, TX 75020           831 W Monterey St., Denison, TX 75020
826 W Texas St., Denison, TX 75020           819 W Monterey St., Denison, TX 75020
830 W Texas St., Denison, TX 75020           823 W Monterey St., Denison, TX 75020

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