12426 Cannonade St

This Texas 37 SFR Portfolio is well diversified in a strong rental growth submarkets of San Antonio and Fort Worth with 23 of the homes located in Bexar County (San Antonio) and 14 in Tarrant County (Arlington and Fort Worth). On average, the homes were built in 1982 and feature spacious layouts with an average home size of 1,279 Square Feet. Thirty-three homes feature 3 bed 2 bath; two 3 bed with 1 bath; one 3 bed 1 ½ bath; one 4 bed 2 bath.
In the last twelve months, current ownership spent $33,509 or $906 per home in capital improvements and renovations. Additionally, current ownership has recently replaced 30 out of 37 homes with new roofs. Investors should benefit from lower Repair & Maintenance costs due to these recent improvements.
A list price of $5,200,000 for the entire portfolio or $140,541 per home provides the opportunity to purchase a stabilized and rehabbed turn-key single family rental portfolio at below the estimated retail prices for each home.
This 37 Single Family Rental Portfolio is located in the Dallas Fort Worth and San Antonio metropolitan areas. The homes are strategically concentrated in high rental growth markets. Current ownership has agreed to stay on to manage for 5% of Effective Gross Income for one year, producing robust returns for investors.