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34256040
34256053

1912 11TH ST, WICHITA FALLS, TX 76301 For Sale

RW
TX TX 0290048
Domain Real Estate Services Inc
Listed by Domain Real Estate Services Inc
$3,700,000
10 days on market
Updated 1 day ago

Alamo School Lofts 1912 11TH ST WICHITA FALLS TX 76301

Details
APN 157502
Property Type Multifamily
Sub Type Apartment Building
Square Footage 49,135
Net Rentable (SqFt) 49,135
Units 40
Cap Rate 7.05%
NOI $260,826
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 10.09%
Pro-Forma NOI $373,472
Price per SqFt $75
Class A
Year Built 1925
Year Renovated 2020
Buildings 2
Lot Size (SqFt) 136,539
Zoning MF
Investment Type Stabilized
Sale Condition N/A

Refurbished 40-unit apartment complex in 2020. 100% Leased.

Marketing description

Alamo School Lofts in Wichita Falls, Texas, are luxury apartments converted from the historic Alamo Elementary School, offering unique floor plans with modern amenities like stainless steel appliances, granite countertops, and in-unit washer/dryers, with some corporate units including all utilities and furnishings. The pet-friendly community features gated access, covered parking, and storage, blending historic character with contemporary living in a renovated downtown building.

Key Features

  • Historic Conversion: The building is a repurposed former elementary school, preserving its original look while creating modern living spaces.
  • Apartment Styles: Offers a mix of open-concept lofts, one-bedroom, and some two-bedroom units, with some being corporate apartments.
  • Modern Amenities: Units include stainless steel appliances, granite countertops, subway tile backsplashes, and luxury vinyl plank flooring.
  • Corporate Units: Fully furnished options with all utilities and internet included, plus in-unit washer/dryers.
  • Community Perks: Pet-friendly, gated access, covered parking, and on-site storage are available (some with extra fees).
  • Unique Character: Features like tall ceilings, large windows, and skylights provide abundant natural light and a unique feel.

Investment highlights

Alamo School Lofts in Wichita Falls, Texas, are 40 luxury apartments converted from the historic Alamo Elementary School, offering unique floor plans with modern amenities, stainless appliances, granite tops, built in-unit washer/dryers, with some corporate units. The pet-friendly community features gated access, covered parking, and storage, blending historic character with contemporary living . Units separately metered . 2026 Jan -June Averaged NOI/ $260,826= 7.05 % Cap rate

Listing Contacts

RW
TX TX 0290048
Domain Real Estate Services Inc
Listed by Domain Real Estate Services Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$260,826.00
$21,735.50/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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Additional Information

Name
Rodd Womble
License
TX 0290048
Brokerage
Domain Real Estate Services, Inc.
Brokerage Phone
9407332279
Title
TX
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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