1301 W Highway 287 Byp | Waxahachie, TX 75165
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1301 W Highway 287 Byp
Waxahachie, TX 75165
The Ashton on 287 · Multifamily Property For Sale
·
52 Units
INVESTMENT HIGHLIGHTS
- The property has been with the same owner for over 12 years and has below average market rent ($995 vs $1,086/unit)
- Other income mainly consists of administrative move-in fees (in lieu of security deposits), late fees and application fees
- Individually metered for electricity with individual electric water heaters (no gas to the property)
- Owner does not bill back for water or any other services while most other properties in the area do
- Expense saving opportunity by implementing a Water Conservation Program
- Roofs replaced in December of 2017 with a 30-year 3-tab Roof (10-year warranty on work; 30-year on material)
PROPERTY FACTS
| No. Units | 52 | Lot Size | 2.96 AC |
| Property Type | Multifamily | Building Size | 41,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | B | Parking Ratio | 2.64/1,000 SF |
| Zoning | MF-2 | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.96 AC |
| Building Size | 41,600 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.64/1,000 SF |
| Zoning | MF-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Playground
- Pet Play Area
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 52 | - | 800 |
PROPERTY TAXES
| Parcel Number | 189343 | Improvements Assessment | $5,152,756 |
| Land Assessment | $1,547,244 | Total Assessment | $6,700,000 |
PROPERTY TAXES
Parcel Number
189343
Land Assessment
$1,547,244
Improvements Assessment
$5,152,756
Total Assessment
$6,700,000
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