Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.
AVM Value
$415K
|
AVM Value
$298K
|
Value Range
$386K - $448K
|
Value Range
$ 298,000
|
Confidence Score NA
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Confidence Score NA
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This 4-plex property in Grand Prairie, TX is currently operating at an NOI of $19,631 and is 100% occupied. The property consists of two 1BD-1BA units and two 2BD-2BA units. This is a value-add investment, presenting new ownership with the opportunity to add washers and dryers in each unit in either the kitchen or bedrooms and implement RUBS at $50-unit to recover apx 80% of annual water-sewer expense. Adding these features will allow new owner to increase rents to $700 for 1 bed units and $750 for 2 bed units. Pro Forma NOI is $22,118 at a 7.37% cap rate...View the OM in attachments for showing and offer instructions.*** Prior purchase failed to perform. Back on market!
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
1809 Roman Rd, Grand Prairie, TX 75050. View photos, map, tax, nearby homes for sale, home values, school info...
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