Coldwell Banker Bend Oregon
Listed by Coldwell Banker Bend Oregon
$1,950,000
Featherbrook Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,111
Units 20
Cap Rate 6.02%
NOI $119,009
Occupancy 100%
Rent Bumps Yes
Year Renovated 2025
Acreage 1.850
Investment Type Stabilized
300 Airport Road, Emory, TX 75440
Marketing description
Totally renovated in 2025, including new hardwood flooring, appliances, and washers and dryers. 95% occupied, many long-term tenants. 100 % occupied.
Emory, TX is centrally located between Dallas and Tyler, between 2 major interstates, Interstates 20 and 30. Easily accessible to East Texas, Oklahoma, Arkansas and Louisiana. Emory has two premier lakes: Lake Fork, known for bass fishing and Lake Tawakoni, the catfish capital of Texas.
Investment highlights
Price has been reduced to $1,950,000 with a cap rate of 6.02 %. Please call to receive a Confidentiality Agreement, return signed, and then you will receive the income and expense statement for the last 3 years and 2026 numbers for the first quarter.
Seller is open to receiving offers.
Listing Contacts
Coldwell Banker Bend Oregon
Listed by Coldwell Banker Bend Oregon
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,008.95
$9,917.41/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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