North Texas Turnkey 6-Plex $1M
715 W Crawford St, Denison
ROI
15.03% IRR
Strategy
Long Term Rental
Fully occupied. 4 of 6 units renovated. Current rent roll is $8200 per month with opportunity to bump to $8600 after updating remaining units. The asset is in good condition and will be a low maintenance, cash flowing property. Denison is positioned for significant growth between Sherman and the Oklahoma border where we’re seeing heavy infrastructure development and investment in the semiconductor industry. Multis in the Sherman market have already seen cap rates compress into the 5s. There are still turnkey 7 caps to be found in the lesser-know Denison market. Taxes $19,986.
