7-Unit Multifamily in Longview, TX

🚨 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 | $225K ($32K a door)

💰 THE TERMS ✅ Entry: $30,000 + closing costs ✅ Seller carries $210,000 at 5.75% FIXED ✅ 30-year amortization, 10-year balloon ✅ Payment: $1,225/mo P&I ✅ No bank. No appraisal. No personal guarantee.

📈 THE NUMBERS ✅ $55,025 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 $63,000/yr

💵 CASH FLOW AFTER DEBT (after insurance, taxes, repairs and reserves) ▪️ Run it yourself: ~$1,245/mo = ~44% cash-on-cash ▪️ Hire a manager at 8%: ~$980/mo = ~35% cash-on-cash ▪️ Collections back to 92%: ~$1,675/mo = ~59% cash-on-cash

🔑 THE UPSIDE: collections slipped last year during a management gap. Collect the leases as written and add ~$8,000/yr. No rent increase needed.

🧾 CREDITS AT CLOSING: prorated taxes, tenant deposits and prorated rent come off your wire. About $24,500 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 balloon.

🏢 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.

👉 Comment "LONGVIEW" or DM me for the full package. 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.`