18 Duplex Portfolio (36 doors), 8% CoC (Actuals) – Copperas Cove, 76522 Sold

  • $1270000
  • 2 beds
  • 1 baths
  • 788sf sqft
Sold

18 Duplex Portfolio (36 doors), 8% CoC (Actuals) – Copperas Cove, 76522

Rare opportunity to own a package of 18 well-kept duplexes flanking a single street in a low crime, family-oriented neighborhood. The portfolio is stabilized, family owned and operated. There are multiple value-add opportunities to increase values and cash flow.

Possible exit strategies:

  1. Hold as a turnkey portfolio
  2. Complete value-add program – increase to market rents ($100-125 per unit)
  3. Complete condo conversion – As-is market value per duplex $90k+ (ARV $1.620MM)

Numbers:

  • Offer Price: $1,270,000
  • NOI: $98,784
  • CoC: 7.8% (Actual)
  • 2018 Taxes: $16,838

Highlights:

  • 18 duplexes, all 36-units 2 bed 1 bath
  • Built 1950, 1,576 sf, all units are 788sf
  • All units rented below market ($415/mth) – market rents $500-500/mth
  • Property IDs 102508 and 102509 – nine (9) duplexes per property ID

Please let us know if you or someone you know might be interested. Email, call or text us at 512-535-5554. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $10,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
Price:
$1270000
Address:
201-316 W Ave G
Copperas Cove, Texas 76522
Square Feet:
788sf
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Duplex
Year Built:
1950

Call 512-535-5554 for more details

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