$125,000 / 6br - 2000ft2 - Fixer Upper Duplex for sale- possibly triplex - Texas City (Texas City)

6BR / 2Ba 2000ft2 available nov 16

open house dates
thursday 2023-11-16
thursday 2023-11-30

air conditioning
w/d hookups
off-street parking

Corner lot Texas City duplex, vacant, zoned commercially. This cash cow needs to be prettied up so it can start cash flowing $1,000+ a month!!! All closing costs paid.

Price 130k OBO, ARV 250k

Possibilities for the property:

1) Do no rehab to the attached garage and just rent it out as a storage unit.

2) Spend around 10k fixing up each unit to rent out.

3) Convert the attached garage into a 3rd living space, making it a triplex!

4) Rent the space out to a business.

PLEASE CALL OR TEXT ME for more information, not email! show contact info


Additional info:

The main building is 2,000 sf and has a current layout of a duplex, the garage area is about 890sf.

Each main unit is 3 bedrooms and 1 bathroom at 1,000 sf. The play would be to convert the garage into a 2-bedroom 1 bath unit to make it now a triplex. OR you save the money from the garage conversion and rent it out as a storage unit.

Rehab is straight forward for the main units, updates throughout. The garage is an open canvas, configuring a 2/1 layout can be easily done. Plumbing and electrical available in the garage also. The building shares one water meter, an investor should include that utility in rent. Three separate meters for electrical (garage meter missing). Roof has been resealed 8 years ago per seller. We can see a savvy investor getting the rehab done for much less (10k-15k for each main unit and 20k-25k for conversion).

This will be a rental cashflow opportunity ($1,000+) as there isn't really much value we can prove as flipped sold multifamily going back 6 months. The three sold comps go back to September/November/December and are all fixer upper multifams. At $130,000 we will be the cheapest sold going back a full year.

Vacant on combo, let’s go see it!

πŸšοΈπŸ‘πŸ πŸ”…β€’β€’β€’ SIDE NOTE: Are you interested in real estate investing in the Houston area? Want to start doing flips or build a rental portfolio? I’m a licensed agent in Houston who specializes in investment properties. Let’s connect, I’d love to help you out or answer any questions you may have! Please text or call my cell to connect. Thanks, - Andi β€’β€’β€’ πŸ”…πŸ πŸ‘πŸšοΈ
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post id: 7688236747


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