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411 Johnson St 20 Unit Apartment Building $1,300,000 ($65,000/Unit) 9.14% Cap Rate Marshall, TX 75670
Investment Highlights
- Minutes to anywhere in town
- Front porch, and lots open space
- Lots of natural light
Executive Summary
Income producing duplex property! This property has 20 units that are each 1 bedroom and 1 bath. The sellers have maintained the property well and some units have been updated recently. Each 598 sf unit has AC, a full kitchen with refrigerator and oven/stove, eating nook, storage closet, living room, bedroom and a bathroom. The sellers report a consistent 97% occupancy rate! There is potential of upping rents with current market. There is also an additional unused building that has potential to be another residential unit, a community room, laundromat, or storage facility.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $650.00 | - |
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R000031019 | Total Assessment | $574,065 |
| Land Assessment | $16,710 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $557,355 | Tax Year | 2025 |
Property Taxes
Parcel Number
R000031019
Land Assessment
$16,710
Improvements Assessment
$557,355
Total Assessment
$574,065
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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411 Johnson St
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