$990,000
1009-1019 Advance St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,600
Net Rentable (SqFt) 6,600
Units 6
Cap Rate 6.22%
NOI $61,587
Occupancy 100%
Pro-Forma Cap Rate 8.6%
Pro-Forma NOI $85,119
Price per SqFt $150
Class C
Year Built 1999
Buildings 3
Stories 2
Zoning D
Parking Spaces 19 spaces
Parking Per SqFt 2.88
Investment Type Stabilized
3 Duplexes on 3 Separate Lots allow for flexible financing
Marketing description
Rare opportunity to own 3 cash flowing duplex properties in the heart of San Marcos, TX! All units are currently occupied with a total rent roll of $8,050/mo. Each property features two very spacious 3-bedroom, 3-bathroom units, totaling six units across the portfolio with 4 of the six units having a fenced in yard. Less than one mile to Prospect Park Trailhead for Purgatory Creek Nature Area, half a mile from Crockett Elementary and conveniently located near shopping/dining/entertainment making the homes very appealing to renters who want to easily enjoy everything the neighborhood and city has to offer.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,587.00
$5,132.25/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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