312 Hickerson Street, Cedar Hill, TX 75104

Profitable Multifamily complex investment.  312 Hickerson is an 8-unit apartment complex which contains 8 separate apartment units, 6 are 2 bedroom and 2 bath units that rent for $1,500 per month.  Two are 1 bedroom and 1 bath units that rent for $1,100 per month.  Five of the 8 units have been completely remodeled in the last 24 months down to the studs including new stainless steel appliances, new flooring, new plumbing & electrical fixtures.  These include 4-two bedroom units and 1-one bedroom unit.  In the current configuration, the annual rent is $126,000.  Expensed are the property taxes, currently at $25,800 annually, insurance, $8569, repairs, maintenance and management fees are $7,500, and vacancy rate is negligible.  Total annual expenses are $41,869.  This leaves a total profit before taxes of $84,131 which shows a market CAP of 5.6.  Seventy percent of the close knit community residing at 312 Hickerson has lived there 8 plus years with some much longer.