3 units sold as 1-Good Investment Opportunity/Se habla Espanol for sale in Houston, Wyoming

$85,000

Hull St
Houston, Tx 77021

Sold as one unit
Hull St - Duplex (Street front)
Hull St - SFR 1 bedroom 1 Bath (behind duplex)

All units are metered separate for gas and electric
Common water meter

SFR Hull is currently tenant occupied on a below market value lease.

Tax record says the property is "Very Good".
The lot is 5,000 sq ft
Improvements are 1,784 sq ft.

The duplex is in 90% move in condition. I would only put fresh paint and change the carpet or have it stretched and cleaned or remove the carpet and refinish the existing hardwood floors in the duplex. Paint front railings to contrast the exterior paint for additional curb appeal.

I would accept $85,000 for the properties and offer owner financing with 20% DOWN. With approved credit 15 year amortization with a 2 year balloon interest is based on the credit of 10.95%. Monthly payments would be about $833.00 including escrow for taxes and insurance, which supports a strong positive cash-flow.

Based on basic conservative accounting of rental rates at $600 per door the annual income is $21,000 the property would pay off in 5 years or effectively a 20% cap rate.

For more information call James at

For Spanish call


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