6618 Bandalia DriveRowlett, TX 75089Price: $255,000

INVESTOR OPPORTUNITY WITH TENANT IN PLACE THROUGH JUNE 2029! Immediate income from day one with an established tenant currently paying $2,200 per month with a strong payment history. Existing lease runs through June 1, 2029, providing $26,400 in annual gross scheduled rent at the current rate. No HOA. Tenant pays utilities and maintains the yard. Property has also benefited from numerous recent improvements, including a new roof, soffits, fascia and garage trim in January 2024; interior and exterior paint in January 2024; replacement and staining of fencing along the neighboring property in January 2024; new Bradford White gas tank water heater in February 2024; rebuilt primary bathroom faucets, sinks and bathtub in February 2024; replacement of the exterior hose spigot in February 2024; replacement of most electrical outlets in July 2024; and replacement of the garage door motor in March 2026. Convenient Rowlett location near shopping, dining and major thoroughfares. Property is being sold subject to the existing lease. Tenant occupied. No showings prior to an executed contract. Buyer will have an opportunity to view and inspect the property following contract execution. PLEASE DO NOT DISTURB TENANT. Lease and additional property information available for review.