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28669091
28669092

1009 W. 3rd St, Clarendon, TX 79226

LH
TX TX0511255
Team West Realty Inc
Listed by Team West Realty Inc
$185,000
195 days on market
Updated 87 days ago
Opportunity zone

3 Home Pkg in Clarendon, TX - Near New AI Hypergrid Campus

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 3
Cap Rate 10.81%
NOI $20,000
Occupancy 100%
Buildings 3
Investment Type Stabilized

Multifamily | 3 Units | $61,667/unit

Marketing description

Clarendon, TX is a rural community with a public community college, Clarendon College. Fermi America has reported that it will be constructing one of the largest AI Hypergrid Campuses in the world in a location within 15-20 miles of Clarendon. Construction of this 100 Billion++$ dollar facility will take 10+ yrs. This package consists of 3 single family residences located in the Clarendon City Limits. The homes are located at 406 E 2nd, 1009 W 3rd and 1014 S Parks in Clarendon, Tx 79226. Rents are $700, $850 and $1000 respectively. Housing in Clarendon is in great demand and will only see more pressure as the AI project takes off. The existing tenants have been in the homes for 5+ years. These homes are priced AS IS for a quick closing.

Listing Contacts

LH
TX TX0511255
Team West Realty Inc
Listed by Team West Realty Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$20,000.00
$1,666.67/mo

Valuation Metrics

0
DSCR
10.81%
Cap Rate
10.81%
ROI

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Additional Information

Name
LOUIS HOMEN
License
TX0511255
Brokerage
Team West Realty, Inc.
Title
Real Estate Broker/Developer
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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