Special offer

4 Plex Foreclosure $127,000 minimum bank bid Bryan Texas $3,000 rents

By
Real Estate Broker/Owner with The Kiefer Group Texas Broker 524520

 

Bryan Texas - Not in MLS. Bank-Owned 4 Plex Foreclosure being sold As-Is with a $127,000 minimum bank bid in Bryan, College Station area (home to Texas A&M University). Property is vacant now, however, the 4 units normally rent for $750 each ($3,000 a month in total rents). This property is located approximately 100 miles northeast of Austin Texas. Sold As-Is. The seller is US Bank. This is a Bank-Owned REO property. Buyer must verify all information. Information provided is based on public records. Total square footage of the 4 Plex is 3,670 per tax records. No HOA fees. Current taxes are $4,446 per year (2018). Schools are Bryan ISD. Year built is 1981. Lot size is 0.3002-Acres. Slab foundation. Not in MLS.

 

We have a comprehensive Realist property report for this home which includes the CoreLogic Automated Valuation. We are happy to email this report to you.

 

Rent Roll:

Unit A: $750/month, vacant. 2 bedroom, 2 bath, 918 square feet.

Unit B: $750/month, vacant. 2 bedroom, 2 bath, 918 square feet.  

Unit C: $750/month, vacant. 2 bedroom, 2 bath, 918 square feet.    

Unit D: $750/month, vacant. 2 bedroom, 2 bath, 918 square feet.

 

Financial Summary:

$127,000 minimum bank bid (US Bank).

$3,000 per month in estimated gross rents.

Property Insurance is approx $150 per month.

Real estate taxes are $371 per month (2018).

$200 a month for a property manager (estimate).

Tenants pay electric (separate electric meters).

Landlord pays lawn care, water, trash, and insurance.

The lot is 0.3002-Acres per tax records.

3,670 sq total feet per tax records.



4 Plex Foreclosure $127,000 minimum bank bid Bryan Texas CLICK HERE

 

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Many thanks for reading our Real Estate Blog. George Kiefer is a Real Estate Agent and Broker-Owner of The Kiefer Group in Austin Texas. This is not intended as investment, legal, technical, or tax advice. This information is provided as a courtesy to our viewers to help them make informed decisions. The views expressed here are George Kiefer's personal views. George Kiefer is a licensed Broker in the State of Texas (Broker License #524520). He also holds the following designations: Certified Distressed Property Expert© (CDPE), Graduate REALTOR® Institute (GRI), Certified Luxury Home Marketing Specialist© (CLHMS), and The Institute for Luxury Home Marketing Million Dollar GUILD™. George Kiefer specializes in Luxury Home Sales, Seller Representation, Buyer Representation, Investment Property, Auction Representation, Hard Money Sales, Internet Marketing, Foreclosures, Bank Short Sales, Relocation Sales, REO Sales (property owned by lenders, government entities, or mortgage-backed securities funds), Multi-family property, Estate Probate Sales, Real Estate Consulting, and Broker Price Opinions.

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George Kiefer, Broker
The Kiefer Group

Comments(3)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulations on your multi family listing.  Nice four plex and nice job with your presentation.

Oct 28, 2019 02:11 AM