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128 Loye Ln 4 Unit Apartment Building Offered at $749,000 at a 5.39% Cap Rate Hawkins, TX 75765
Executive Summary
Don't miss this rare opportunity to own a 4 plex building (totaling 4 rental units), built in 2020 and designed for long term durability and tenant appeal. These fully leased income producing properties offer a strong and balanced unit mix: 2 units - 3 Bedroom, 2 Bath - $1,500 per month. 2 units - 2 Bedroom, 2 Bath - $1,350 per month. Each unit is individually metered, and tenants pay all utilities, the landlord covers lawn care only. The property has been well maintained and offers contemporary finishes that attract quality tenants. Perfect for investors looking to scale their portfolio with newer multifamily properties. Financials available. More units available for sale for an additional price
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,014
|
$11.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,014
|
$11.51
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $58,014 |
| Annual Per SF | $11.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,014 |
| Annual Per SF | $11.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $749,000 | Property Type | Multifamily |
| Price Per Unit | $187,250 | Building Size | 5,040 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.39% | Year Built | 2020 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Price | $749,000 |
| Price Per Unit | $187,250 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 5,040 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,350 | - |
| 3+2 | 2 | $1,500 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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128 Loye Ln
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