Historical Multifamily Sale Listing - Williamsburg Townhomes

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Williamsburg Townhomes

1423 Forest Lane, Garland, TX 75060

N/A

40 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
40
Building Size:
28,600 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
10.82%
Gross Rent Multiplier:
4.37
Occupancy:
100%
Year Built:
1972
Lot Size:
1.30 AC
Listing ID
11488759
Last Updated
over 1 year ago

Description

The subject property has had extensive rehabe work done on it with in the last 2 years. The roofs are pitched and there has been a new asphalt parking lot laid within the last month. The property is fully rented and market rents are being achieved. The tennants pay their own electricity and the landlord pays for water and common area electric.

The subject property is located just around the corner from downtown Garland. The area is solid for rentals. New construction of retail is close in the area as well.

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Created 6/19/2001