Listed by Bracket Real Estate, Inc, Bracket Real Estate
$3,500,000
22-unit Gainesville, TX- Multifamily Portfolio and Acreage
Details
APN 69326, 69305, 84844, 15807, 69306
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 119,336
Net Rentable (SqFt) 19,584
Units 22
Cap Rate 6.15%
NOI $215,374
Price per SqFt $29
Class C
Year Built 2009, 2016
Buildings 9
Zoning Residential
Investment Type Stabilized
Multifamily | 22 Units | $159,091/unit
Marketing description
Oak Ridge Portfolio (near Gainesville), Texas is a multi-family income property consisting of 2- fourplexes, 4-Triplexes, and 2-Single Family Homes, for a total of 22-Units. Also, two land parcels totaling 2.29 acres. The well-maintained brick buildings were built in 2016 and feature covered porches, 2-car carports, granite countertops, stone backsplash, crown molding, trey ceilings, and all appliances including washers and dryers. It's located about an hour north of Dallas, 20 minutes from WinStar Casino, and 15 minutes from Gainesville or Sherman.
View Complete Due Diligence and Submit Offers here: 22-unit Gainesville, TX- Multifamily Portfolio and Contiguous Acreage | Bracket Marketplace
Investment highlights
- Selling Highlights - 455 Neals Hill Road Portfolio
- Premium Income-Producing Portfolio
- 22 total units across multiple properties generating consistent rental income
- Turnkey operation with established tenant base
- Diversified unit mix: 8 fourplex units, 12 triplex units, and 2 single-family homes
- Modern Construction & Quality Finishes
- Fourplexes built in 2016 with premium features including full brick construction, granite countertops, stone backsplash, crown molding, and trey ceilings
- All units include appliances, washer and dryer
- Covered porches and 2-car carports for each fourplex unit
- Low maintenance brick exteriors
- Prime North Texas Location
- Approximately 1 hour north of Dallas/Fort Worth metro
- 20 minutes from WinStar Casino (world's largest casino)
- 15 minutes from Gainesville or Sherman
- Minutes from area lakes for recreation
- Strong rental demand from casino employees and DFW commuters
- Attractive Park-Like Setting
- Properties situated on charming, park-like setting totaling approximately 4+ acres
- Well-maintained grounds
- Additional storage units for tenant convenience
- Operational Advantages
- Newer construction means lower maintenance costs
- Multiple properties allow for operational efficiencies
- Room for rent optimization and value-add opportunities
- Strong local employment base from WinStar and surrounding communities
Listing Contacts
Listed by Bracket Real Estate, Inc, Bracket Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,374.00
$17,947.83/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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