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Occupied 6-Plex with Potential Owner Financing 905 E Fayle St, Baytown
Occupied 6-plex with potential owner financing. True 1% Rule deal with strong cashflow from day one. Seller will carry $100k at 6% for 10 years. 6-unit complex built in 1960 with (5) 1 bed, 1 bath units plus (1) studio. Currently fully occupied for $4525/mo ($782/mo avg for 1 beds and $615/mo for suite). Tenants pay own electric, owner pays water, gas, trash, and common area electric.
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< Back to Daily Deals Occupied 6-Plex with Potential Owner Financing
905 E Fayle St, Baytown
Purchase Price: $385,000
Cash Outlay: $123,200
Cashflow: $392/mo
Cap Rate: 7.24%
IRR: 16.47%
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