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2001 E 20th St 10 Unit Apartment Building $575,000 ($57,500/Unit) 10.52% Cap Rate Hooks, TX 75561
Investment Highlights
- Low Vacancy
- Appliances New
- Recently Renovated
- AC's New
Executive Summary
Discover a prime investment opportunity in Hooks, TX! This fully occupied, newly renovated, and stabilized apartment building is the perfect addition to your portfolio. Located at the corner of Hwy 82 & East 20th, this 10-unit property boasts 100% occupancy, thanks to the abundant employment opportunities nearby. Renovated in 2022 & 2023, this building promises low repairs and maintenance costs for years to come. Don’t miss your chance to invest in a property that offers both immediate and long-term returns. Secure your investment in this thriving community today!
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,400
|
$19.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,400
|
$19.73
|
| Taxes |
$5,700
|
$1.40
|
| Operating Expenses |
$14,160
|
$3.47
|
| Total Expenses |
$19,860
|
$4.87
|
| Net Operating Income |
$60,540
|
$14.86
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $80,400 |
| Annual Per SF | $19.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,400 |
| Annual Per SF | $19.73 |
| Taxes | |
|---|---|
| Annual | $5,700 |
| Annual Per SF | $1.40 |
| Operating Expenses | |
|---|---|
| Annual | $14,160 |
| Annual Per SF | $3.47 |
| Total Expenses | |
|---|---|
| Annual | $19,860 |
| Annual Per SF | $4.87 |
| Net Operating Income | |
|---|---|
| Annual | $60,540 |
| Annual Per SF | $14.86 |
Property Facts
| Price | $575,000 | Building Class | C |
| Price Per Unit | $57,500 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,075 SF |
| Cap Rate | 10.52% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Multi Family - Multi family Flood zone | ||
| Price | $575,000 |
| Price Per Unit | $57,500 |
| Sale Type | Investment |
| Cap Rate | 10.52% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,075 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2023 |
| Parking Ratio | 1.7/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multi Family - Multi family Flood zone |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $800.00 | 720 |
| Studios | 1 | $550.00 | 400 |
| 1+1 | 7 | $650.00 | 550 |
1 1
Property Taxes
| Parcel Number | 09620005400 | Total Assessment | $288,000 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $5,700 ($1.40/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
09620005400
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$288,000 (2025)
Annual Taxes
$5,700 ($1.40/SF)
Tax Year
2024 Payable 2024
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2001 E 20th St
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