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700 W Ave G Apartments 700 W Avenue G 18 Unit Apartment Building $1,500,000 ($83,333/Unit) 7.60% Cap Rate Garland, TX 75040
Investment Highlights
- Excellent cash flowing investment opportunity
- Near Downtown Garland
- Mature, safe and quiet location
Executive Summary
Owner has resident management in place..Third Party Financing or All Cash.
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 |
$179,904
|
$19.86
|
| Other Income |
$1,030
|
$0.11
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,934
|
$19.97
|
| Taxes |
$20,467
|
$2.26
|
| Operating Expenses |
$46,412
|
$5.12
|
| Total Expenses |
$66,879
|
$7.38
|
| Net Operating Income |
$114,055
|
$12.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $179,904 |
| Annual Per SF | $19.86 |
| Other Income | |
|---|---|
| Annual | $1,030 |
| Annual Per SF | $0.11 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,934 |
| Annual Per SF | $19.97 |
| Taxes | |
|---|---|
| Annual | $20,467 |
| Annual Per SF | $2.26 |
| Operating Expenses | |
|---|---|
| Annual | $46,412 |
| Annual Per SF | $5.12 |
| Total Expenses | |
|---|---|
| Annual | $66,879 |
| Annual Per SF | $7.38 |
| Net Operating Income | |
|---|---|
| Annual | $114,055 |
| Annual Per SF | $12.59 |
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.74 AC |
| Cap Rate | 7.60% | Building Size | 9,060 SF |
| Gross Rent Multiplier | 8.33 | 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 | $1,500,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Gross Rent Multiplier | 8.33 |
| 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 |
| 2+2 | 2 | $1,195 | 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 | $1,318,630 (2026) |
| Land Assessment | $321,560 (2026) | Annual Taxes | $20,467 ($2.26/SF) |
| Improvements Assessment | $997,070 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
26165500330010000
Land Assessment
$321,560 (2026)
Improvements Assessment
$997,070 (2026)
Total Assessment
$1,318,630 (2026)
Annual Taxes
$20,467 ($2.26/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
700 W Ave G Apartments | 700 W Avenue G