405 South Main Taylor, TX 76574
Phone: 512-366-7894 Mobile: 512-939-4536 Fax: 512-494.4669 Email Johan

1611 jones, Suite 3 Patterson (Taylor, Texas, US - 76574)

$650,000 USD
7 unit apartment complex

Texas Capital Real Estate, LLC

Johan Borge Johan Borge 512-366-7894 (Office) 512-939-4536 (Cell) 512-494.4669 (Fax) Request More Info

  • Great growing area
  • Type: Multifamily
  • Style: Single Story
  • Bedrooms: 2
  • Bathrooms: 2 "1.5 bath"
  • Size: 4,752 sq. ft.
  • Lot Type: Rectangular
  • Lot Size: 0.33 acres
  • Year Built: 1977
  • MLS #: 1904755

Description

Two separate buildings for a combined total of 12 rented MLS(6957968) units, currently 100% occupied. Pro forma 8.42% CAP RATE yearly income of $129,370 with potential (see document brochure). The 5-plex at 410 Thorndale Road includes 5 rented units totaling 3972 sq ft. The 7-plex at 1611 Jones St includes 7 rented units totaling 8280 sq ft. There is value ad potential by renting at rental market 10% CAP Rate also renting 7 storage units, adding 2 more washer and dryers. Multifamily Asset Class B+.

Attachments

P2#198750803
top
Information is deemed to be correct but not guaranteed.