DFW Cashflowing 10-Plex Near 2 Universities $775k
613 W Hickory St, Denton
ROI
22.77% IRR
Strategy
Long Term Rental
Located in Denton a half mile from University of North Texas and 1.5 miles from Texas Woman’s University. 100% occupied. Leases average $837 per month. There’s room to improve the PnL by switching insurance providers (current owner pays $10k annually). New roof installed in 2018. New hot water heater in 2020. This is a perfect deal for investors looking for very low vacancy rates and a commercial property that will qualify for DSCR financing. Taxes $13186.
