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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
| Price | $1,300,000 | Apartment Style | Townhome |
| Price Per Unit | $65,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 9.14% | Building Size | 11,960 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2023 |
| Property Subtype | Apartment |
| Price | $1,300,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 9.14% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 11,960 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2023 |
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 | - |
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411 Johnson St
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