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Multifamily Property For Sale

Town & Country

111 E Rogers Road, Willis, TX 77378

Price:
$950,000
No. Units:
30
Building Size:
18,162 SF
Price/Unit:
$31,666.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
11.70%
Occupancy:
90%
No. Stories:
2
Year Built:
1982
Lot Size:
31,250 SF
Tax ID / APN #:
00028536

Last Verified 6/1/2009 Listing ID 15635305

Highlights

2008: New Septic Tank / Sewer Pump
2007: Refinished exterior, new paint, new hand rails, restriped parking lot
2007: New Carpet, New Paint, Many new applianes

11.7 cap rate
Located in fast growing Montgomery County
Great access to Hwy 75 and I-45

Description

30 unit garden style apartment complex. 2 buildings each with 15 apartments. Recent rennovations during 2007 will explain the rapid growth to reaching 100% occupancy. Each apt has a fridge, stove and central air. Front building has individual water heaters, back building is on a boiler. Electric is individually metered.

6 miles north of Conroe. 45 N exit FM 1097 turn right, left on Hwy 75 property is approx 1/2 mile down on the right hand side.

Attachments

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$134,481
Effective Gross Income
$134,481
Operating Expenses
$105,000
Net Operating Income
$29,481
Pre-Tax Cash Flow
$29,481

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1 bedroom 1 bath	28	$450	560
2 bedroom 1 bath	2	$550	680

Map of 111 E Rogers Road, Willis, TX 77378 (Montgomery County)

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Presented by

Randall Realty

Request additional information

Contact Listing Broker

Travis Smith (713) 729-4110

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Created 3/27/2008

Additional Information for 111 E Rogers Road, Willis, TX 77378

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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