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Shadowood Apartments 111 W Hird St 38 Unit Apartment Building $2,950,000 ($77,632/Unit) Gainesville, TX 76240
EXECUTIVE SUMMARY
Welcome to this exceptional 38-unit multifamily community located in the heart of Gainesville, Texas. This well maintained property offers a rare investment opportunity with strong occupancy and a stable income. Situated on a spacious lot in a quiet, residential neighborhood, the complex features a mix of one to three bedroom units, thoughtfully designed for comfortable living. Select units have been recently updated with modern finishes, offering immediate appeal to tenants and upside potential for investors. The property includes an onsite laundry facility and is within close proximity to local schools, shopping and dining. Whether you're expanding your portfolio or entering the multifamily space, this Gainesville asset presents a compelling blend of cash flow and future growth potential. Listed under appraised value!
PROPERTY FACTS Under Contract
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $77,632 | Lot Size | 1.83 AC |
| Sale Type | Investment | Building Size | 31,481 SF |
| No. Units | 38 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $2,950,000 |
| Price Per Unit | $77,632 |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.83 AC |
| Building Size | 31,481 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
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PROPERTY TAXES
| Parcel Number | 23648 | Improvements Assessment | $1,240,829 |
| Land Assessment | $37,208 | Total Assessment | $1,278,037 |
PROPERTY TAXES
Parcel Number
23648
Land Assessment
$37,208
Improvements Assessment
$1,240,829
Total Assessment
$1,278,037
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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MAP
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Presented by
Tanda Stringfellow, Broker
Shadowood Apartments | 111 W Hird St
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