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746-770 NW Summercrest Blvd
Burleson, TX 76028
746-770 NW Summercrest · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 9,760 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1983/2017 |
| Building Class | B | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 0.29 AC |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 9,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2017 |
| Parking Ratio | 2.04/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Yard
- Garden
SITE AMENITIES
- 24 Hour Access
ABOUT 746-770 NW SUMMERCREST BLVD , BURLESON, TX 76028
Set of 9 townhomes across 2 buildings. One building has 4 townhomes, the other has 5 towhnomes, right next to each other. Each townhome is identical and has its own fenced off yard and HVAC, 2 floors, 2 beds, 1.5 baths and all utilities are individually metered. The buildings themselves are new (built in 2014) but each of the 9 units also had interior renovations in 2017 under new management. Since those renovations, which included all new floors and other high quality upgrades, occupancy quickly reached 100% and has stayed there with units now renting at $1100/month. In addition, a brand new parking lot has been paved on the property. Turnover is low but when a unit does turn they rent again in an instant as the location is very popular. This will be a steady reliable cash flow generator for any owner and is pretty much turn-key as is. Property management services can also be provided to the buyer if they should need or are interested. The location in Burleson is very hot and these townhomes are a great alternative for good tenants who might like a nice home with a yard of their own (as opposed to an apartment complex) but can't buy a house just yet. Owner is selling because he lives out of state and is divesting his properties in Texas. Call 917-900-7520 to schedule a showing or discuss. Asking $949,000 which is offered at a very attractive 8+% cap rate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | $1,050 | 650 - 850 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $700,306 | |
| Land Assessment | $65,055 | Total Assessment | $765,361 |
PROPERTY TAXES
