Cash Flowing

Cash Flowing Multifamily Property in Conroe only 165k $1600 cash flow!

800 Crooke St, Conroe, TX 77301

$185,000 After Repair Value -
$165,000 Asking Price -
$0 Cost of Repairs =
$20,000 Potential Profit

Property Details

Asking Price $165,000

After Repair Value $185,000

Costs of Repairs $0

Potential Profit $20,000

Living Area N/A

Property Type Duplex

Bedrooms 2

Bathrooms 2

Half Bathrooms 1

Parking 1

Listed with Agent No

Property Description

duplex
w/d in unit
off-street parking
I have a 1300 sqft duplex for sale. One side is a 3-bed/2-bath with a full kitchen that includes a washer and dryer. The other side is a 1-bed/1-bath with a full kitchen. Wood floors and tile throughout. Granite counters in both kitchens and all bathrooms. Brand new stainless steel appliances in both units. The house was built in 2011 but completely remodeled in 2017. New roof and A/C in 2017. No flooding.

Both units are occupied by the same tenants (large family). $1,600/month ($1000 and $600/month) of total income and the tenants also pay all utilities on top of the rent! There are four individual incomes covering both rents (low-risk)! The tenants are on a 12-month lease ending in 9/2019. They have already expressed the desire to renew the lease. They pay very early each month. Ideal tenants!

This is an excellent opportunity for a turn-key investor or a first-time investment property. $2,400-tax, $900-insurance, $0-HOA. Run your numbers and you will see how good of a deal this is.

CONTACT LISTING OWNER

Christan Garner

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