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113 N Armstrong Ave
Tulia, TX 79088
Multifamily Property For Sale
·
3 Units
Investment Highlights
- 3 Income Streams with Value-Add Upside Triplex configuration with 2 occupied units generating immediate cash flow and a 3rd unit under construction
- Major Capital Improvements Already Completed, Roof (2017), furnace (2020), and water heater (2023) reduce near-term capital risk, while tenants pays
- Projected 12% Pro-Forma Cap Rate At $139,900, the property presents strong return potential with projected stabilized income of nearly $27,000 annual
Property Facts
| No. Units | 3 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 3,888 SF |
| Property Subtype | Apartment | Average Occupancy | 67% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1946 |
| Zoning | R - Apartment Building Multi Family | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 3,888 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | R - Apartment Building Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 960 |
| 4+2 | 1 | - | 1,968 |
Property Taxes
| Parcel Number | 17525 | Improvements Assessment | $185,110 |
| Land Assessment | $6,320 | Total Assessment | $191,430 |
Property Taxes
Parcel Number
17525
Land Assessment
$6,320
Improvements Assessment
$185,110
Total Assessment
$191,430
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