8-plex in the Dallas urban core, less than a mile to Deep Ellum, just 1.5 miles to downtown. Each 2 bed, 1 bath unit is 850 SF. Priced at $680K, I think you can secure a small discount to $375k. It hits the 1% rule as-is, with the last sale comp—a 6-unit at 3020 South Blvd—selling for $750K. All tenants are currently month to month creating an opportunity to raise rents upon close. Current income is $6,800/mo, projected at $7,200/mo with comps suggesting rents could reach $1,000. Taxes $13581.
