This Multifamily Property is no longer advertised on LoopNet.com.

425 NW Loop 286
Paris, TX 75460
Pavilion Apartments · Multifamily Property For Sale · 24 Units

Investment Highlights

  • ~$100/Month Under Market Rents – With Interior Modernization and Market the 53 Storage Units
  • 16% Cash-on-Cash Averaged Over 5 Years
  • Offered Free and Clear of Any Existing Debt
  • 30-Year Shingles Installed in 2021, Parking Lot Replaced in 2021, Washer and Dryer Hookups in Every Unit, No Deferred Maintenance
  • Strategically Located at the Cross-Section of Loop-286, Hwy-271, and Hwy-82

Property Facts

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.44 AC
Building Size 19,600 SF
Average Occupancy 100%
No. Stories 2
Year Built 1981
Zoning Commercial

Amenities

Unit Amenities

  • Balcony
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Walk-In Closets
  • Carpet

Site Amenities

  • Picnic Area
  • Gated
  • Pet Play Area
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 - 750
2+2 8 - 950

Property Taxes

Property Taxes

Parcel Number
59197
Land Assessment
$105,400
Improvements Assessment
$698,160
Total Assessment
$803,560
  • Listing ID: 26232393

  • Date on Market: 7/22/2022

  • Last Updated:

  • Address: 425 NW Loop 286, Paris, TX 75460

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