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Shady River Road Apartments 100 Shady River Dr 4 Unit Apartment Building $350,000 ($87,500/Unit) 6.80% Cap Rate Junction, TX 76849
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY! Great set of apartments with 4 units, all with consistent rentals over the last several years. Few apartments exist in this market and the current owners have a list of tenants looking to move in, but feel it is time to move on. Three of the apartments have been recently updated, with all in good condition. All units are 2 bedroom, 1 bath with kitchen/dining area. The first floor units have sliding doors to the backyard area. Complex includes 6 covered parking spaces. Current rents are $700 per month, with a potential increase in rents coming June 2026. Tenants will be able to choose between an annual lease ($700 month), half-year lease ($750/month) and month-to-month lease ($800/month). Tenant turnover has been historically low, with most tenants averageing multi-year occupancy.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$8.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$8.65
|
| Taxes |
$5,120
|
$1.23
|
| Operating Expenses |
$7,100
|
$1.71
|
| Total Expenses |
$12,220
|
$2.94
|
| Net Operating Income |
$23,780
|
$5.72
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $8.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $8.65 |
| Taxes | |
|---|---|
| Annual | $5,120 |
| Annual Per SF | $1.23 |
| Operating Expenses | |
|---|---|
| Annual | $7,100 |
| Annual Per SF | $1.71 |
| Total Expenses | |
|---|---|
| Annual | $12,220 |
| Annual Per SF | $2.94 |
| Net Operating Income | |
|---|---|
| Annual | $23,780 |
| Annual Per SF | $5.72 |
PROPERTY FACTS
| Price | $350,000 | Apartment Style | Garden |
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.80% | Building Size | 4,160 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | ||
| Zoning | None - Kimble County does not have zoning regulations. | ||
| Price | $350,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 4,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1997 |
| Zoning | None - Kimble County does not have zoning regulations. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Family Room
- Smoke Free
- Large Bedrooms
SITE AMENITIES
- Individual Locking Bedrooms
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $750.00 | 988 |
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PROPERTY TAXES
| Parcel Number | 14282 | Total Assessment | $281,190 (2024) |
| Land Assessment | $66,650 (2024) | Annual Taxes | $5,120 ($1.23/SF) |
| Improvements Assessment | $214,540 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
14282
Land Assessment
$66,650 (2024)
Improvements Assessment
$214,540 (2024)
Total Assessment
$281,190 (2024)
Annual Taxes
$5,120 ($1.23/SF)
Tax Year
2025
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Presented by
Bierschwale Land Company
Shady River Road Apartments | 100 Shady River Dr
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