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14144 County Road 4115 - Fourplex Property 4 Unit Apartment Building Offered at $610,000 at a 8.08% Cap Rate Lindale, TX 75771
Investment Highlights
- 100% Occupied
- Quiet neighborhood and private backyards
- $5,400 Gross Monthly Rent
Executive Summary
This four-unit multifamily property in Lindale, TX sits on 2.0019 acres and is fully occupied, offering immediate cash flow with additional upside through building on excess land. Two units feature a 3 bed, 2 bath layout, and two units feature a 2 bed, 2 bath layout. Property is located in a quiet neighborhood with private backyards, making it an attractive investment opportunity in a growing market.
Property Facts
| Price | $610,000 | Property Type | Multifamily |
| Price Per Unit | $152,500 | Building Size | 4,633 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.08% | No. Stories | 1 |
| No. Units | 4 | Year Built | 2016 |
| Price | $610,000 |
| Price Per Unit | $152,500 |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 4,633 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2016 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,200 | - |
| 3+2 | 2 | $1,500 | - |
1 1
Property Taxes
| Parcel Number | 1-00000-0674-00-016050 | Improvements Assessment | $651,316 |
| Land Assessment | $83,898 | Total Assessment | $735,214 |
Property Taxes
Parcel Number
1-00000-0674-00-016050
Land Assessment
$83,898
Improvements Assessment
$651,316
Total Assessment
$735,214
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14144 County Road 4115 - Fourplex Property
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