Property Highlights
| North Dallas property with individual HVAC's, three year old roof, three year old exterior paint, two laundry rooms, children's play area, garbage disposals, and large units. Units have been sub metered for electric and RUBS in place. Easy access to 635 and 75...GREAT location in Carrollton. Minutes from Texas Instruments.
Actual data provided by listing agent; management fees increased from $18,000/year to 4% gross rents and repairs increased to $500/unit.
Proforma shows an increase in taxes year two and decrease in vacancy to 10% (very feasible).
Financing calculated with 20% down. Loan may be assumed with 1% fee for 6% interest due in 7 years.
|
back
