🔥🔥4 PLEX 3.875 % SUB TO CASH FLOWING 14.5% COC AS IS AND 18% COC WITH 4TH UNIT RENTED.AND/OR 8% CAP RATE IN AUSTIN, TX.🔥🔥

$85,000 buy in to take over this loan via Subject To.

Built in 1972 - 2,704 sqft

4 units - two of them are a 2/1, two of them are a 1/1

Entry fee= $85,000

Rate = 3.875%

PITI= $3,980

Outstanding Principle: approx $492,000

Seller finance:
Financing $118k = $298 a month (calculated at 1% interest rate with a 7 year balloon) - by year 7 buyer will cash out seller completely
sub 2 loan + seller finance ($118k) + cash to seller + our fee= total purchase price of $695k

NO HOA - LOW MAINTANCE

HVAC - NEW

WATER HEATER - NEW

ROOF - 5 years old 

The 2 1 bedrooms are coming up for renewal on Oct 31st and they both requested the leases to be renewed - rents can be increased (currently being rented out for $1,267 & $1,138)
One 2 bed is vacant, the other 2 bed is leased for another year (occupied 2 bedroom currently being rented out for $1,444. Vacant 2 bedroom was being rented out for $1,500)

1 unit has washer/dryer - other units have to use local laundrymat 

Utilities are paid separately outside of the rents. Seperately metered on electrical - water is all divided by 1 meter

CALL LEXI NOW @ (520) 214-6229 (If I don't answer please send me a text!)

COE 11/04/24

10K Non refundable earnest seals the deal 🤝

Buyer pays ALL closing costs

_____________________

*Done Deal Home Buyers makes no warranties and buyer to do their own due diligence and verify all facts,  buyer to pay all closing costs, property is sold as-is, no negotiations, earnest money is NON-REFUNDABLE. *

__________________________________________