Listed by RESOLUT RE
$1,372,727
Corporate Housing
Details
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 11.00%
NOI $151,000
Occupancy 100%
Buildings 6
Acreage 8.930
Zoning None - County property is located just outside city limits
Investment Type Value Add
Multifamily | 11.00% CAP | 2 Units
Investment highlights
- Turn Key Operation
- Cash flow of 11% cap with much upside
- Value add opportunity with 5 acres left to build on
- Includes 2 Storage units for the property
- Quiet, peaceful park-like setting
- Well maintained property
- Completely furnished units
- Karnes County is the 2nd highest oil producing US county
- Paved Streets
- Fully Furnished
- Covered Parking
- Cleaning Service
- Maintenance Service
- Large Decks & Outdoor Space
- BBQ Grills provided
- Washer & Dryer
- Business Center with Printer
- Patio Furniture
- Security Gates
- 60" HD TV
- TV, Internet, Cable, etc.
Listing Contacts
Listed by RESOLUT RE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,000.00
$12,583.33/mo
Valuation Metrics
0
DSCR
11%
Cap Rate
11%
ROI
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Property History
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