Texas Duplexes

Special Opportunity for New
Construction - at Foreclosure Pricing!

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Contact Alex Anderson for More Information on This Project: 612-644-5380
Email: alex@greatinvestmentproperty.com

Texas Duplexes
Location Grand Prairie, TX
Property Type Duplex (Note 1)
Purchase Price $ 250,000
Rent per Month (both units) $ 2,500 (Note 2)
Cap Rate 7.5
Rent/Purchase Price Ratio 1.0 %
Gross Rent Multiplier (month) 100
Sq Footage (approx per unit) 1650
     

OVERVIEW:

Grand Prairie is nation's 6th fastest growing city according to US Census Bureau report in 2007. Limited amount of duplexes available. Investor can choose between 2 floor plan options: 4 bedroom/2-1/2 bath/2 car garage and 3 bedroom/2-1/2 bath/2 car garage. Other properties in the area are primarily 3 bedroom so an investor can choose dual 4 bedroom plans for a duplex.

Note 1: Property is legally recorded as a 2 unit townhomes although original development advertised these as "duplexes". The construction is the same as a duplex but 2 loans will be required - 1 loan per side.

Located on the north side of Joe Pool Lake the subdivision is centrally located in a new growth area off Hwy 360. A new elementary school is located approximately 1/4 from the subdivision and a new outdoor retail center located at the intersection of Hwy 360 and Camp Wisdom Road confirms the growth of the area.

This new retail center is the home of large "big box" retailers such Target, Home Depot, PetsMart, Ross, and Marshalls and is located approximately 2-1/2 miles from the subdivision Recently announced is an upcoming outlet center to be built on the opposite side of Hwy 360 from the current outdoor retail center. This community is a master planned community featuring single family homes and duplexes and consists of it's own small private lake as well as walking trails.

Property management is available with full MLS reports.

Note 2: Financial numbers listed including CAP Rate, rents, gross rent multiplier, rent to purchase price ratio and other financial numbers are listed as representations and need to be verified by each buyer

AVAILABLE DOCUMENTS
Project Packet
 
 
 
 
News Articles
 
 
 
 
FOR MORE INFORMATION ON THIS PROJECT PLEASE CONTACT:
Alex Anderson:
612-644-5380
 
3rd Party News For Investors:
 

Rental Demand

       

Jump in Dallas/Fort Worth leases

2008

Jan

Renters filling up apartments

 

2007

 

Sept

Rental Industry Booming

 

2008

 

May

DFW Metroplex draws renters

 

2008

 

May

Low Unemployment

       

Texas gains jobs while U.S. loses

2008

May

Metroplex job boom

 

2008

 

Mar

Unemployment rate drops

 

2008

 

Apr

Recession not so bad in North Tx

 

2008

 

Mar

Dallas commercial real estate in a boom

 

2008

 

May

Tierra Grande Magazine - Looming Boom Texas Through 2030

 

2008

 

Jan

Tx Population Boom

       

DFW has 3 of top 10 fastest growing cities in the nation

2007

June

DFW has 3 of top 10 fastest growing counties in the nation

 

2007

   

DFW tops national population growth

 

2008

 

Mar

New York Times article

 

2008

 

Mar

Tierra Grande Magazine - Looming Boom Texas Through 2030

 

2008

 

Jan

Other Real Estate Articles:

       

Dallas most stable housing market

 

2008

 

Feb

DFW one of top 5 markets to build equity

 

2008

 

May

Texas poised for real estate boom

 

2008

 

Feb

Demand for 4 bedroom homes

2007

Nov

DFW home prices rise - U.S. drops

 

2008

 

May

Major 2008 DFW market overview

 

2008

   

Renters plan to stay renters

 

2008

 

May

National home prices fall - not Dallas

 

2008

 

May

Analyst see Metroplex boom

 

2007

 

Dec

Mortgage insur. companies predict DFW 1/3 less likely for home prices to drop

 

2007

 

Oct

         

 

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