318 SCHELY AVENUE, ORANGE, TX 77630
The Orange Duplex, is a one story, 2 unit duplex located in Orange, Texas. The asset was built in 1941. Owner reported the property needs some renovations. Reportedly one unit is leased at $350, but the market rent, per Owner is $800/mo. Residential tenants in the area typically are long terms tenants.
Currently there are no reported leasing concessions. Blue collar profile, ideal for a small investor to own!
At no cost to buyer, seller will rehab the vacant unit and rent it.
Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.