I have 3 units, Grade A property, .5 Miles from
Southern Methodist University. The area is fantastic
with it being a central Dallas location, next to a
brand new Central Market, Kripsy Kreme, Shopping
Center, Movie theatre and of course, SMU.
Gross rents = $2755 - I have not upped the rent in
years.
Potential rents = $4950 (simply by removing current
tenants and adding SMU students)
Tax appraised values have been protested by me and
kept low (roughly 95K each)
Appraised property value and CMA value = 135K each /
405K total
Units across the street are selling in the low to mid
200's. This package has built in equity and
significant upside. Average price appreciation in this
trendy neighborhood is running at 10-15%.
Also- please remember that Dallas is the #2 city for
Headquarters of Fortune 500 companies. This is a great
investment oppt.
Will sell quickly for 355K
Will carry back a second note for maximum buyer ROI
(Little or nothing down = greater return)
Please contact me via email at [EMAIL PROTECTED] if
interested.
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