605 N College Street Malakoff, TX 75148

The Waller Group is proud to present the 4-unit, fourplex in Mabank, TX. Built in 1976, the property is currently achieving $7,650 in annual NOI, based upon T-2 rental income and a 50% expense ratio. New ownership, based on area rent comps, can raise rents up to $188 per unit, which is a $0.20 per sqft bump. With this bump, new ownership can achieve an annual NOI of $15,600. Additionally, there is the opportunity to raise additional income through application fees, late fees, and pet deposits or fees. Another cost saving opportunity would be through water conservation opportunities such as updates on faucets, showers, and low flow toilets, which can save up to 20% on water bills.