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29037895
29037896

457 Neals Hill Rd, Oak Ridge, TX 76240

MetroTex Association of REALTORS, Inc.
Listed by MetroTex Association of REALTORS, Inc.
$1,860,000
176 days on market
Updated 86 days ago

4 Triplexes (12 units)

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,872
Net Rentable (SqFt) 10,872
Units 12
Cap Rate 6.82%
NOI $126,804
Occupancy 90%
Price per SqFt $171
Class B
Year Built 2009,2013
Stories 1
Acreage 3.558
Investment Type Stabilized

12 units / 4 triplexes cashflowing properties

Marketing description

4 Triplexes (12 units) package for a sale!

12 UNITS well maintained, built in 2009 & 2013, metal roof, covered porches, 2 car carports each, granite countertops, stone backsplash, crown molding, trey ceilings, all appliances including washer and dryer. Approx. 1 hour north of Dallas, 20 minutes from largest Casino in the world-Winstar... Approx. 15 minutes from Gainesville or Sherman, and minutes away from area Lakes. Additional storage built for each unit.

Also, it conveys with additional 1.5 acres approximately land to build additional duplexes or triplexes to fetch additional income and increase the property value within the same cost.

Interested buyer has an opportunity to buy additional two single-family homes within this gated community for additional price of $175K each in addition to the asking price (optional).

All units are occupied and do not disturb tenant. Showing is allowed only after accepting an offer, LOI. Please direct al your queries to the listing agent, preferably by text message.

Listing Contacts

MetroTex Association of REALTORS, Inc.
Listed by MetroTex Association of REALTORS, Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$126,804.00
$10,567.00/mo

Valuation Metrics

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DSCR
6.82%
Cap Rate
6.82%
ROI

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