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22190809
22190810

1205-1207 Raleigh St, Plainview, TX 79072

DK
TX 574262
Robert & Wilkins Realtors
Listed by Robert & Wilkins Realtors
$545,000
453 days on market
Updated 48 days ago

Colonial Apartments (10 units) - Plainview, TX

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,565
Units 10
Pro-Forma Cap Rate 9.17%
Pro-Forma NOI $49,955
Broker Co-Op Yes
Year Built 1962
Year Renovated Interior upgrades since 2012
Buildings 3
Stories 1
Lot Size (SqFt) 18,200

Multifamily | 10 Units | Plainview, TX

Marketing description

** COLONIAL APARTMENTS ** 10 UNITS. Historically, high occupancy. All units are 1 bedroom/1 bath. Approx sizes: 4 x 550 SF // 4 x 650 SF // 2 x 750 SF. Three x 1 story buildings. Covered walkways. Courtyard area. Laundry room on-site. Each unit has a stove. Refrigerators: some by owner - others by tenants. No dishwashers. AC & Heat - Window Units / PTAC. Parking: Off-street. Tenants pay electric. Owner pays water. No Gas. Since 2012: 6 units- remodeled kitchens & bathrooms. 1 unit- remodeled kitchen. 2 units- minor updating. 1 unit - None, same tenant for 15 + years (likes it as is). Laundry room- remodeled. Several front doors replaced. Exterior painting. Exterior LED lighting. Units are occupied. Ownership manages and leases the property (no third party). Contact David Kopp to arrange tour, 24-48 hours. Cell: (806) 729-4878

Investment highlights

Refer to Marketing Flyer

Listing Contacts

DK
TX 574262
Robert & Wilkins Realtors
Listed by Robert & Wilkins Realtors

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