Listed by RE/MAX Preferred Texarkana
$550,000
Texas 10
Details
APN 09620005400
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,075
Net Rentable (SqFt) 4,075
Units 10
Cap Rate 11.12%
NOI $61,140
Occupancy 100%
Price per SqFt $135
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.250
Investment Type Stabilized
Ownership Fee Simple
Multifamily | 10 Units | $55,000/unit
Marketing description
Discover a prime investment opportunity in Hooks, TX! This fully occupied, newly renovated, and stabilized apartment building is the perfect addition to your portfolio. Located at the corner of Hwy 82 & East 20th, this 10-unit property boasts 100% occupancy, thanks to the abundant employment opportunities nearby.
Renovated in 2022 & 2023, this building promises low repairs and maintenance costs for years to come. Don’t miss your chance to invest in a property that offers both immediate and long-term returns. Secure your investment in this thriving community today!
Listing Contacts
Listed by RE/MAX Preferred Texarkana
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,140.00
$5,095.00/mo
Valuation Metrics
0
DSCR
11.12%
Cap Rate
11.12%
ROI
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