This Multifamily Property is Off-Market.

1423 Forest Lane
Garland, TX 75060 ·

40 Units · Multifamily For Sale

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Williamsburg Townhomes

Price N/A Cap Rate 10.82%
No. Units 40 Gross Rent Multiplier 4.37
Building Size 28,600 SF Occupancy 100%
Property Type Multifamily Year Built 1972
Property Sub-type Garden/Low-Rise Lot Size 1.30 AC
Property Use Type Investment
Listing ID: 11488759 Date Created: 06/19/2001 Last Updated: 02/22/2002

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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1423 Forest Lane, Garland, TX 75060

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