$1,650,000
700 W Ave G
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,060
Units 18
Cap Rate 7.70%
NOI $127,110
Occupancy 100%
Tenancy Multi
Price per SqFt $182
Broker Co-Op True
Year Built 1963
Buildings 2
Stories 1
Lot Size (SqFt) 32,156
Zoning MF
Parking Spaces 29 spaces
Parking Per SqFt 3.20
Investment Type Stabilized
Multifamily | 18 Units | $91,666/unit
Marketing description
Excellent cash flowing investment opportunity in the Dallas suburb of Garland. Mature, safe and quiet location just blocks from Downtown Garland. In between White Rock Lake and Lake Ray Hubbard. Separate electric meters, tenants pay. Owner pays gas & water. Plenty of paved parking. Newer roof ( 7 yrs ), PVC sewer line, and hot water heater ( 3 mos ). Owner has management options available ( resident manager or other ) if desired. Please do not disturb tenants.
Investment highlights
- Excellent cash flowing investment opportunity in the Dallas suburb of Garland
- Mature, safe and quiet location just blocks from Downtown Garland
- In between White Rock Lake and Lake Ray Hubbard
- Separate electric meters, tenants pay. Owner pays gas & water
- Plenty of paved parking
- Newer roof ( 7 yrs ), PVC sewer line, and hot water heater ( 3 mos )
- $182.12/Sq.Ft. 8.45 GRM 7.7% Cap Rate
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,110.00
$10,592.50/mo
Valuation Metrics
0
DSCR
7.7%
Cap Rate
7.7%
ROI
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