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419 E Henderson St 5 Unit Apartment Building $595,000 ($119,000/Unit) Cleburne, TX 76031

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INVESTMENT HIGHLIGHTS

  • High Visibility on E Henderson St

EXECUTIVE SUMMARY

Rents are extremely low for this area and have a lot of room to raise.
3 downstairs units are 1/1 and the down stairs units were once used as retail store fronts
Upstairs has. 1/1 and a 6/2 unit
Units have fabulous original woodwork and all kitchen and baths updated.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Gross Rental Income $54,000 $6.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $54,000 $6.75
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual $54,000
Annual Per SF $6.75
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $54,000
Annual Per SF $6.75
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $595,000
Price Per Unit $119,000
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.26 AC
Building Size 8,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1920/2010
Parking Ratio 1.25/1,000 SF
Zoning B1 - Real, Residential, Multi

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
5+5 5 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
126-2800-21120
Land Assessment
$43,000 (2025)
Improvements Assessment
$167,458 (2025)
Total Assessment
$210,458 (2025)
  • Listing ID: 33365716

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 419 E Henderson St, Cleburne, TX 76031

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