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740 County Road 334 - Rock Creek Cabins 4 Unit Apartment Building Offered at $380,000 at a 9.47% Cap Rate Gatesville, TX 76528

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INVESTMENT HIGHLIGHTS

  • Easy rentals
  • Super easy maintenance
  • 3 of 4 tenants have been there for over a year
  • Crazy gross rents

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $45,600 $35.19
Other Income - -
Vacancy Loss - -
Effective Gross Income $45,600 $35.19
Taxes $2,750 $2.12
Operating Expenses $8,100 $6.25
Total Expenses $10,850 $8.37
Net Operating Income $34,750 $26.81

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $45,600
Annual Per SF $35.19
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $45,600
Annual Per SF $35.19
Taxes
Annual $2,750
Annual Per SF $2.12
Operating Expenses
Annual $8,100
Annual Per SF $6.25
Total Expenses
Annual $10,850
Annual Per SF $8.37
Net Operating Income
Annual $34,750
Annual Per SF $26.81

PROPERTY FACTS

Price $380,000
Price Per Unit $95,000
Sale Type Investment
Cap Rate 9.47%
Gross Rent Multiplier 8.33
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Single-Family Home
Lot Size 2.30 AC
Building Size 1,296 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Zoning None - Outside city limits. Technically no zoning.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Wi-Fi
  • Yard
  • Deck
  • Dining Room
  • Lawn
  • Porch
  • Window Coverings

SITE AMENITIES

  • Laundry Facilities
  • Trash Pickup - Curbside
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+4 4 $2,388 288 - 336
  • Listing ID: 39087108

  • Date on Market: 1/14/2026

  • Last Updated:

  • Address: 740 County Road 334, Gatesville, TX 76528

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