6BR Home in Longview , TX

About This Property

🚨 LONGVIEW, TX: 7 UNITS, SELLER FINANCED, $30K IN 🚨 5.75% FIXED. NO BANK. 100% LEASED. ~44% CASH-ON-CASH. 📍 Longview, East Texas | 7 units on one lot | $$325,000 ($32K a door) 💰 THE TERMS ✅ down payment: Contact for details + closing costs ✅ Seller carries Contact for details at 5.75% FIXED ✅ 30-year amortization, 10-year ✅ Payment: Contact for details/mo P&I ✅ No bank. No appraisal. No personal guarantee. 📈 THE NUMBERS ✅ Contact for details collected in the last 12 months. Covers the note 3.7x ✅ All 7 units on written leases. 6 run into 2027 ✅ Leases in place total Contact for details/yr 💵 AFTER DEBT (after insurance, taxes, repairs and reserves) ▪️ Run it yourself: ~Contact for details/mo = ~44% cash-on-cash ▪️ Hire a manager at 8%: ~$980/mo = ~35% cash-on-cash ▪️ Collections back to 92%: ~Contact for details/mo = ~59% cash-on-cash 🔑 THE UPSIDE: collections slipped last year during a management gap. Collect the leases as written and add ~Contact for details/yr. No rent increase needed. 🧾 CREDITS AT CLOSING: prorated taxes, tenant deposits and prorated rent come off your wire. About Contact for details total out of pocket on a Nov 6 close (estimate). 🛡️ YEAR-10 EXIT ALREADY NEGOTIATED: if your refinance comes up short, the seller subordinates and carries up to $35K for 5 more years. No second. 🏢 THE BUILDING ▪️ 7 units, built 1943, Class C, all bills paid ▪️ Same owner-operator for 11 years ▪️ Seller available by phone for 60 days to hand it off ▪️ Seller pays half the inspection ⚠️ Straight talk: it's Class C. It pays best for an operator who watches collections. 👤 QUALIFIED OPERATORS ONLY. The seller carries 93% and approves the buyer: financial statement, portfolio summary, credit review. Texas multifamily experience preferred. ⏰ Closes on or before Nov 6. One building, one buyer. 👉 Signed NDA + proof of funds required. We are marketing our equitable interest under a purchase contract, not the property itself. Buyer to perform own due diligence.

Features & Highlights