Located east of Dallas in Forney. Seller is offering to carry the note with $100k down and 2% interest. Principal + Interest = $1386 per month. Unit B has a section 8 tenant paying $2049 per month through November 2025. Unit A is vacant and expected to pull the same amount. This is a good value-add play for any investor. The housing authority will approve up to $3234 per month for a 3 bed unit in this zip code. Buy the property with cheap debt, increase curb appeal, and work to re-lease units at the top of the payment scale. Taxes $4745.
