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Rock Creek Cabins 740 County Road 334 4 Unit Apartment Building $380,000 ($95,000/Unit) 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

Executive Summary

Cabin 1 built 2023
Lease expires 7/15/26
Deposit $700
My tenant moved out end of December and new tenant moved in last week. Super easy to rent.
Cabin 2 built 2023
Lease expires 5/15/26
Deposit $500
She’s been there 2 years and don’t see her moving. She’s my original and loves it. Kinda the mom of the group.
Cabin 3 built 2022
Month to Month
Deposit $500
She would sign another lease if I asked her to but I haven’t.
Cabin 4 built 2024
Deposit $900
Lease expires 9/1/26
He has been there a year and a half. Construction guy, young. He’s not going anywhere because his uncle owns the house next door and has a 30 foot pathway to his uncles house through the woods. That kid will be there for years I imagine.

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
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Single-Family Home
Building Class C
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

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 156388
  • 156389
Land Assessment
$85,130
Improvements Assessment
$230,930
Total Assessment
$316,060
Annual Taxes
$2,750 ($2.12/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 39087108

  • Date on Market: 1/14/2026

  • Last Updated:

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

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