This is a duplex for sale located on a quiet dead end street in Bayview Texas. This property has two separate apartments with room to add 2 more units in the detached garage. The slightly smaller unit is rented to an Army vet who receives a subsidized income. He pays $1,100 monthly and is pretty handy to have on site. He currently has a year long lease and hopes to never move.
The larger unit is currently listed on Air BNB with a book schedule. The property has a coin operated laundry room which generates about $40-$80 monthly. The building itself began as a modular home. This home is zoned to Clear Creek ISD.
I've had great luck with unit B on Air BNB. Many 5 star views expressing the location is great while feeling right at home. Unit B can be rented on a yearly contract at $1,200- $1,300 a month. Currently on Air BNB for $75 a night.
The previous owner enclosed the whole building and put a strong "House Style" roof over it. The lot is about 6250 sqft. Looking for a cash sale.
P&L summary (approximate):
Apartment #1 monthly income $1100
Apartment#2 monthly income $1200
Laundry monthly income. $65
Total Gross monthly Income: $2,365
Average Electric monthly cost: $222
Average water/sewer monthly cost: $64
Average WiFi monthly cost: $78
Average natural gas monthly cost: $37
Property tax broken down monthly: $100 (Annual property taxes are $1200)
Total monthly cost: $501