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Value-Add Multifamily | Expansion Potential 40930 FM 3159 21 Unit Apartment Building $2,150,000 ($102,381/Unit) 6.33% Cap Rate Canyon Lake, TX 78133
INVESTMENT HIGHLIGHTS
- 6.33% Cap rate
- Potential for Expansion to Add More Units
- 6.47 Acres Land
- Annual Leases
- Redevelopment Opportunity
PROPERTY FACTS
| Price | $2,150,000 | Apartment Style | Garden |
| Price Per Unit | $102,381 | Building Class | B |
| Sale Type | Investment | Lot Size | 6.47 AC |
| Cap Rate | 6.33% | Building Size | 12,000 SF |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment |
| Price | $2,150,000 |
| Price Per Unit | $102,381 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.47 AC |
| Building Size | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
PROPERTY TAXES
| Parcel Number | 78-0812-0012-00 | Improvements Assessment | $1,520,040 |
| Land Assessment | $534,370 | Total Assessment | $2,054,410 |
PROPERTY TAXES
Parcel Number
78-0812-0012-00
Land Assessment
$534,370
Improvements Assessment
$1,520,040
Total Assessment
$2,054,410
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Value-Add Multifamily | Expansion Potential | 40930 FM 3159
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