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11351 Hilltop Rd 11 Unit Apartment Building $3,400,000 ($309,091/Unit) 4.56% Cap Rate Argyle, TX 76226
Investment Highlights
- Location
- Argyle ISD
- Outside of City Limits
Executive Summary
11 unit apartment/condo complex in Argyle that is outside the city limits with Argyle ISD Schools. There is so much potential with this property to make it an 8 to 10 cap rate. High end finish out with long term tenants in place. The peacefulness that you have at this complex is second to none. Close to restaurants, shopping, 35W and so much more makes this the perfect opportunity for someone looking for long term investment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,400,000 | Building Class | B |
| Price Per Unit | $309,091 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 19,526 SF |
| Cap Rate | 4.56% | Average Occupancy | 70% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | OF015 - Commercial/Multi-Family located in Denton County zoning not the City of Argyle | ||
| Price | $3,400,000 |
| Price Per Unit | $309,091 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 19,526 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | OF015 - Commercial/Multi-Family located in Denton County zoning not the City of Argyle |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Sprinkler System
- Carpet
- Dining Room
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 9 | - | - |
| 2+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R75789 | Improvements Assessment | $2,431,940 |
| Land Assessment | $588,060 | Total Assessment | $3,020,000 |
Property Taxes
Parcel Number
R75789
Land Assessment
$588,060
Improvements Assessment
$2,431,940
Total Assessment
$3,020,000
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11351 Hilltop Rd
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