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Investment Highlights
- Significant value-add opportunity with potential to increase rents by 10%+ through renovations.
- Located near Fort Hood, one of the largest U.S. military installations, ensuring stable demand.
- Approximately 100% occupancy and classic unit interiors for immediate upside.
- Desirable one bed, one bath unit mix catering to a broad tenant demographic.
- Offered at an attractive $600,000 price with a 9.95% in-place cap rate.
- Strong local demographics with a median household income of $60,000.
Executive Summary
Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $600,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 9.95% | Building Size | 1,200 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Zoning | R-3 - Commercial | ||
| Price | $600,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 9.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 1,200 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Zoning | R-3 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 76958 | Improvements Assessment | $319,926 |
| Land Assessment | $9,393 | Total Assessment | $329,319 |
Property Taxes
Parcel Number
76958
Land Assessment
$9,393
Improvements Assessment
$319,926
Total Assessment
$329,319
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