GREAT 15-17 UNIT INVESTMENT OPPORTUNITY 

BROWNSVILLE, TX!

PRICED TO SELL, PLEASE CONTACT IMMEDIATELY IF YOU ARE CONSIDERING ACQUISITION OF THIS PROPERTY!

Actuals (Current Occupancy Performance):

**TENANTS PAY ELECTRICITY**

**LEASE TERM: MONTH TO MONTH**

5 - 3 beds / 1 bath / Renting for: (4/5) $600-$800

6 - 2 beds / 1 bath / Renting for: (6/6) $600-$650

2 - 1 bed / 1 bath / Renting for: (2/2) $550

2 - Studio / 1 bath / Renting for: (1/2) $550

 2.5 Acres /  108,900 SQFT

13/15-17 occupied

Currently cash flowing at a 5.8% Cap Rate after all expenses with plenty of opportunity to add value and increase the rate of return heavily.

Proforma (Projected Return):

**TENANTS PAY ALL UTILITIES**

**NEW LEASE TERMS**

5 - 3 beds / 1 bath / Renting for: (5/5) $950

6 - 2 beds / 1 bath / Renting for: (6/6) $850

2 - 1 bed / 1 bath / Renting for: (2/2) $700

2 - Studio / 1 bath / Renting for: (1/2) $600-$650

 2.5 Acres /  108,900 SQFT

13/15-17 occupied

10.5% PLUS CAP RATE!

(below are the breakdown of the financials & unit mix)

CURRENT FINANCIALS:

($100,800.00 gross annual income)

($60,900.00 NOI Annually)

PROFORMA FINANCIALS:

($150,600.00 gross annual income)

($110,700.00 NOI Annually)

Please contact Victoria for more info or to submit an offer.

Cash Offers, Hard Money, or Private Money ONLY!

ASKING PRICE: $899,999

BUYERS ARE REQUESTED TO DO THEIR OWN DUE DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY TENANTS, PROPERTY MANAGERS, SELLERS OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF NEWERA HOME SOLUTIONS, LLC.

Earnest Money Deposit (EMD) of $10,500.00 must be wired to the Title Company within 1 day of Contract signing.

Due Diligence: Buyers are asked to perform their own due diligence on the property.

Closing Costs: Buyer will pay all Closing costs and will be outlined on the final settlement statement of the deal.