MLS ID: 20478028

This offering is available for $278,888 up until March 15. Without a signed contract before or on March 15, the Seller plans to either keep the property for itself or raise the price to $310,000 (to recover the cost of cleanup and junk removal). Moreover, this apartment building has a $950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Projected NOI after year 1 following stabilization is projected to be $82,540 (per appraisal). Rehab and purchase the property for $687,000 in order to obtain a property with a 12% cap rate on account of the $82,540 NOI. The property is located only 45 minutes from Dallas city limits and is close to multiple municipalities offering ample job opportunities for tenants (especially in the retail and manufacturing sectors). Contact agent for access to link for obtaining a virtual tour of the property.

Listing by: eXp Realty LLC, Enrique Moreno