209 S Beverly St Crowley, TX 76036

This 8 bedroom / 8 bathroom FOURPLEX makes sense for any rental investor, even in today's changing real estate market. Prime location in Crowley, a low cost fourplex with an amazing rental income!

Property is Currently Fully Occupied, contact Dispo Manager for walkthrough coordination.

Deal Takeaways:

Fully occupied, income producing fourplex

Cash flow from Day 1!

Current value $400k+

Two fourplexes 0.3 miles away sold for $545k in Nov 2022

Opportunity for an easy cash out refinance!

20 Mins to Downtown Fort Worth

11 Mins to HEB Plus

15 Mins to Southern Oaks Golf & Tennis Club

5 Mins to Kroeger

12 Mins to Sam's Club

Financials:

ARV: $450,000

Purchase Price: $375,000

Profit Details:

$450,000 ARV

(*) 94% for sale commissions

(-) $375,000 purchase price

(-) $10,000 rehab budget

(-) $5,000 closing / holding cost

(=) $33,000 profit

Rental Profit Details:

$3,420 monthly current rents

(-) $521 monthly tax

(-) $110 monthly insurance

(-) $342 property management

(-) $342 allocation for repairs, vacancy, etc

(=) $2,105 net monthly cash flow

Property Details:

8 Beds / 8 Bath (each unit 2 bed / 2 bath, 4 units total)

1985 Year Build

3,261 Home Square Feet

9,844 Square Feet Lot Size

August 24th, 2023 Closing

We will need to do some paint and carpet. Maybe do an update to the fence.

Unit A - 830 - due to go up in Oct.

Unit B - 880 - just went up in July

Unit C - 880 - due to go up in Dec.

Unit D - 830 - due to go up in Oct.