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Featherbrook Apartments 300 Airport Rd 20 Unit Apartment Building $2,050,000 ($102,500/Unit) 5.72% Cap Rate Emory, TX 75440
Investment Highlights
- Lots of natural light
- Playground area for children
- Gated community
Executive Summary
Emory, TX is centrally located between Dallas and Tyler, between 2 major interstates, Interstate 20 and 30. Easily accessible to east Texas, Oklahoma, Arkansas and Louisiana. Emory is known for their lakes: Lake Fork, known for bass fishing and Lake Tawakoni, the catfish capital of Texas.
20 units, all 2 bedroom and either 1 or 2 baths. Units range in size from 845 SF to 874 SF to 1000 SF. Texas is a "no state income state".
Price $2,050,000 or $102,500/unit.
20 units, all 2 bedroom and either 1 or 2 baths. Units range in size from 845 SF to 874 SF to 1000 SF. Texas is a "no state income state".
Price $2,050,000 or $102,500/unit.
Property Facts
| Price | $2,050,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $102,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.85 AC |
| Cap Rate | 5.72% | Building Size | 29,802 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 2004/2025 |
| Zoning | B1 - Commercial | ||
| Price | $2,050,000 |
| Price Per Unit | $102,500 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.85 AC |
| Building Size | 29,802 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2004/2025 |
| Zoning | B1 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Dining Room
- Patio
- Smoke Free
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- Playground
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 845 |
| 2+2 | 12 | - | 874 - 1,000 |
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Property Taxes
| Parcel Number | R3236 | Improvements Assessment | $1,233,121 |
| Land Assessment | $239,340 | Total Assessment | $1,472,461 |
Property Taxes
Parcel Number
R3236
Land Assessment
$239,340
Improvements Assessment
$1,233,121
Total Assessment
$1,472,461
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Featherbrook Apartments | 300 Airport Rd
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