EIM Real Estate Advisors LLC
Listed by EIM Real Estate Advisors LLC
$2,195,000
Eagle Ford Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Units 28
Cap Rate 3.86%
NOI $84,794
Occupancy 61%
Pro-Forma Cap Rate 8.56%
Pro-Forma NOI $188,000
Class B
Year Built 2013
Buildings 2
Stories 2
Lot Size (SqFt) 39,664
Zoning Commercial
Investment Type Value Add
28 Furnished Apartment Units in the heart of the Eagle Ford Shale
Marketing description
28 fully furnished corporate units finished in 2013. Granite Countertops, Solid Wood doors, No Carpet, Laundry Room. Asset is off Highway 281 and 3 miles from the 281 & I-37 Intersection and 1.5 miles from the Valero Refinery. Rig counts have been going up in the Eagle Ford Shale as oil prices have increased. This is an opportunity to own a multifamily asset in an area with a severe shortage of housing for oil workers.
Investment highlights
28 Furnished Units
Well Maintained
Granite Countertops
No Carpet
Listing Contacts
EIM Real Estate Advisors LLC
Listed by EIM Real Estate Advisors LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,794.00
$7,066.17/mo
Valuation Metrics
0
DSCR
3.86%
Cap Rate
3.86%
ROI
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Property History
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