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Available For Sale - Multifamily

40,194 SF | Show Pricing $

AVAILABILITY DETAILS

Size
40,194 SF
Price/SF
Show Pricing $
Listing ID
SA516451
Notes




Under Contract



Offering Summary

Offering Price: $3,490,000

Proforma Cap Rate: 8.82%

Proforma Annual NOI: $307,882*

Price Per Unit: $54,531.25

Price Per Square Foot: $86.83

Building Area: ±40,194 SF

Land Area: ±2.25 AC

Parcel: 2775-0016-0700-003

Year Built: 1967

Parking: Surface Parking



Investment Highlights:

» 64 units including 1 and 2 bedrooms each with kitchen

and bathroom

» Ample surface parking

» On-site laundry facilities and clubhouse

» Close proximity to Interstate 45

» Within 1 mile of National Credit Tenants including

McDonald’s, Jack in the Box, and Circle K as well as a

few local restaurants

» Value-add opportunity through renovation and

releasing to realize the upside potential
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young