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Northridge 409 Northridge dr 10 Unit Apartment Building $600,000 ($60,000/Unit) Quitaque, TX 79255
Investment Highlights
- Built in 1957 with concrete block construction and gable roof design.
- Multi-family configuration suitable for rental income generation.
Executive Summary
This multi-family property in Quitaque, Texas, offers a unique investment opportunity in a quiet, rural community. Built in 1957, the property spans approximately 3,024 square feet and sits on a 0.37-acre lot. The structure is constructed with concrete block walls and a gable roof, providing a durable foundation for future improvements. With its existing multi-family configuration, the property is well-suited for investors seeking to generate rental income or reposition the asset for alternative uses.
Located in Briscoe County, the property benefits from a small-town setting with access to essential services and schools within the Turkey-Quitaque Independent School District. The area’s affordability and community-oriented environment make it attractive for long-term tenants. Investors can capitalize on value-add opportunities through renovations and operational enhancements to increase occupancy and returns.
Located in Briscoe County, the property benefits from a small-town setting with access to essential services and schools within the Turkey-Quitaque Independent School District. The area’s affordability and community-oriented environment make it attractive for long-term tenants. Investors can capitalize on value-add opportunities through renovations and operational enhancements to increase occupancy and returns.
Property Facts
| Price | $600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $60,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.87 AC |
| No. Units | 10 | Building Size | 3,024 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1957 |
| Zoning | B1 - Residential Multi-Family | ||
| Price | $600,000 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 3,024 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | B1 - Residential Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,790 | |
| Land Assessment | $4,280 | Total Assessment | $16,070 |
Property Taxes
Parcel Numbers
Land Assessment
$4,280
Improvements Assessment
$11,790
Total Assessment
$16,070
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Northridge | 409 Northridge dr