Listed by The Real Estate Ranch
$999,000
FM 307 Investment Portfolio!
Details
APN R000212437
Property Type Mixed Use
Sub Type Rental Portfolio
Square Footage 8,840
Net Rentable (SqFt) 8,840
Units 4
Cap Rate 10.00%
Occupancy 100%
Lease Type Gross
Broker Co-Op Yes
Class B
Year Built varied
Buildings 4
Stories 1
Acreage 2.930
Investment Type Stabilized
FM 307 Investment Portfolio!
Marketing description
Fantastic Opportunity to Build your Rental Income Or Add to Existing Portfolio in Greenwood ISD on 2.93 Acres w/ 195’ of Frontage to FM 307 (4) Leased Units (3) w/ New 2 years. Rocks Throw to I-20, Close to Business Parks, & Greenwood ISD. Could be a possible value add by adding a few RV Spots. Work has been Done for you Wealth Starts Accruing Day 1.
Investment highlights
Modified Gross Leases
Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month
Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease
Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease
Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease
10 Cap $8700 a month or $104,400 a year
Listing Contacts
Listed by The Real Estate Ranch
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