Andy Flack
HomeLand Properties, Inc.
Looking for another multifamily property to add to your portfolio? Check out this cash-flowing, updated multifamily property near downtown Greenville, TX. Property features 4 rental units on 1 property and is fully occupied with leases in place through 2027. Monthly rental income totals $3,475, and tenants pay their own utilities. Each unit has its own designated parking. The property includes a duplex with two 1 bedroom, 1 bathroom units, a detached single apartment with 1 bedroom, 1 bathroom , and a separate 2 bedroom, 1 bathroom home. Recent updates include paint, flooring, plumbing, electrical, roofs, appliances, and HVAC systems. Annual income with current rents is $41,700; capitalization rate at 7.8%. Do not disturb tenants. Showings will take place during the option period only. Accounting information will be provided with accepted offer. Professional exterior photos coming soon.
Directions: This property is located near downtown Greenville. The GPS is accurate.
Andy Flack
HomeLand Properties, Inc.
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Listed By: Melody Hudson of Farmersville Real Estate Company