12 Units Fully Occupied 3 Brick Quadplexes on 4 Acre Lot

Lamar County, Paris, TX, 75460
Sold
Listed at: June 1st, 2023
Price
$650,000
ARV
$800,000
Gross Margin
$150,000
Sq. Footage
3576
Type
Multifamily
Parking
Carport
Year build
1980
Lot size
4.10 acres
Bedrooms
24
Bathrooms
12
Half Bathrooms
0
Summary

OFF MARKET three brick quadplexes on a 4+ Acre lot in Paris Texas

12 units total Fully Occupied

Eight units are on M2M, and Four units expire within the next few months

Current performance is $6650 gross rental income per month

Market rents $750+ for each 2/1...

That's $9000 GROSS REVENUE A MONTH

Roofs are 5 years old and newer, HVAC units are newer, and foundations are rock solid (as per seller).

The closing date is June 20th, 2023.

Investors do their own research before investing in real estate and acknowledge that the investment company or individuals promoting the investment are not real estate brokers or representatives of the seller, and therefore, do not possess specialized knowledge or expertise regarding the property being offered. The aim is to ensure that investors are aware of the potential risks and are responsible for making informed decisions. Cash, Hard Money, Liquified Funds only.
Documents
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Patrick Anderson

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Disposition manager