$409,000
214-216 Stonegate
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex
Square Footage 2,441
Units 2
Cap Rate 5.92%
NOI $24,226
Occupancy 100%
Price per SqFt $168
Broker Co-Op Yes
Class B
Year Built 2014
Buildings 1
Stories 1
Investment Type Stabilized
I-35 Corridor Turnkey 100% Leased Duplex
Marketing description
This FULLY leased duplex is an excellent opportunity for any investor eyeing a low-maintenance property with a steady income! Both units are professionally managed and come with a low HOA! Conveniently located near HWY 46 and I35, the property offers easy access to major routes. This single-story duplex offers an open-concept layout, high ceilings and stained concrete flooring - a perfect combo of modern style and durability. Tenants will appreciate the desirable amenities, including a 2-car garage with front entry, a covered patio, and a fenced backyard. This property checks all the boxes for both investors and tenants!
Investment highlights
Turnkey 100% Leased
Desirable Location (I-35 Corridor)
Professional Property management
Low HOA
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,226.00
$2,018.83/mo
Valuation Metrics
0
DSCR
5.92%
Cap Rate
5.92%
ROI
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