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700 W Ave G Apartments 700 W Avenue G 18 Unit Apartment Building $1,650,000 ($91,667/Unit) 7.70% Cap Rate Garland, TX 75040
Investment Highlights
- Excellent cash flowing investment opportunity
- Near Downtown Garland
- Mature, safe and quiet location
Executive Summary
Owner has management options available ( resident manager or other ) if desired.
Please do not disturb tenants.
Please do not disturb tenants.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$195,344
|
$21.56
|
| Other Income |
$1,000
|
$0.11
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,344
|
$21.67
|
| Taxes |
$20,774
|
$2.29
|
| Operating Expenses |
$48,460
|
$5.35
|
| Total Expenses |
$69,234
|
$7.64
|
| Net Operating Income |
$127,110
|
$14.03
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $195,344 |
| Annual Per SF | $21.56 |
| Other Income | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.11 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $196,344 |
| Annual Per SF | $21.67 |
| Taxes | |
|---|---|
| Annual | $20,774 |
| Annual Per SF | $2.29 |
| Operating Expenses | |
|---|---|
| Annual | $48,460 |
| Annual Per SF | $5.35 |
| Total Expenses | |
|---|---|
| Annual | $69,234 |
| Annual Per SF | $7.64 |
| Net Operating Income | |
|---|---|
| Annual | $127,110 |
| Annual Per SF | $14.03 |
Property Facts Under Contract
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $91,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.74 AC |
| Cap Rate | 7.70% | Building Size | 9,060 SF |
| Gross Rent Multiplier | 8.45 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3.2/1,000 SF |
| Zoning | MF, Garland | ||
| Price | $1,650,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 8.45 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 9,060 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 3.2/1,000 SF |
| Zoning | MF, Garland |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Porch
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $947.50 | 600 - 670 |
| 2+2 | 2 | $1,188 | 1,200 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 26165500330010000 | Total Assessment | $1,100,000 |
| Land Assessment | $321,560 | Annual Taxes | $20,774 ($2.29/SF) |
| Improvements Assessment | $778,440 | Tax Year | 2025 |
Property Taxes
Parcel Number
26165500330010000
Land Assessment
$321,560
Improvements Assessment
$778,440
Total Assessment
$1,100,000
Annual Taxes
$20,774 ($2.29/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Steve Bones Co, Realty
700 W Ave G Apartments | 700 W Avenue G
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