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13491 County Road 472
Lindale, TX 75771
Investor's Dream! Cedar Knoll Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- Well Maintained Class B Asset - 12 Units Constructed in 1983; the Remaining 30 Units were Built During 1997-1999
- 25,000-Plus Daily Traffic Counts
- Buildings have Pitched Roofs and Concrete Slab Foundation
- Strong Unit Mix of 14 One-Bedroom/One-Bath Units and 28 Two-Bedroom/One-Bath Units
- Residents Pay Electricity, Gas, Water and Sewer. Owner pays common area utilities
- On-Site Laundry Room with Five Washers and Six Dryers
PROPERTY FACTS
| No. Units | 42 | Building Size | 32,140 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 2.77 AC |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.77 AC |
| Building Size | 32,140 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.61/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Views
SITE AMENITIES
- Lake Access
ABOUT 13491 COUNTY ROAD 472 , LINDALE, TX 75771
Cedar Knoll is a 42-unit Class B apartment community located in Lindale, Texas. This investment opportunity has been well maintained since its original 12 units were constructed in 1983. From 1997 through 1999, 30 units were added. The complex boasts a strong unit mix of 14 one-bedroom/one-bath units ranging from 446 to 644 square feet, 28 two-bedroom/one bath units ranging from 678 to 866 square feet and one rentable office. Physically speaking, Cedar Knoll’s parking surface is completely concrete, all five of its buildings have pitched roofs (one shingle, four metal), the foundation is concrete slab, and 36 of the units have individual air conditioning units, and the remaining six have wall-mounted air conditioners. There is an on-site laundry facility with five washers and six dryers which are owned and operated by an independent contractor and the owner gets a percentage from the income.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $567.50 | 450 - 655 |
| 2+1 | 28 | $682.50 | 750 - 950 |
PROPERTY TAXES
| Parcel Number | 1-00000-0371-00-031000 | Improvements Assessment | $2,618,989 |
| Land Assessment | $235,204 | Total Assessment | $2,854,193 |
PROPERTY TAXES
